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Central bankers' group sees a "narrow path" to rein in inflation and maintain growth

Jun 27, 2022
It's largely about preventing “inflationary psychology” from becoming entrenched, the Bank for International Settlements said.
The Bank for International Settlements warned that “inflationary psychology” could become entrenched and self-reinforcing. But the effort to douse inflation comes with risk of its own.
Fabrice Coffrini/AFP via Getty Images

Fed Chair Jerome Powell: "Whether we can execute a soft landing or not, it may actually depend on factors that we don't control."

May 12, 2022
"I think the one thing we really cannot do is to fail to restore price stability," Powell told Kai Ryssdal.
Federal Reserve Chair Jerome Powell, left, speaks with Marketplace host Kai Ryssdal in Washington, D.C., on Thursday.
Nancy Farghalli/Marketplace

Can the Fed lower inflation without getting the economy into a recession?

"A look at the record shows that the Fed often stumbles in its efforts to save the day," says Ben White, chief economic correspondent at Politico.
Recessions have followed many of the Federal Reserve's past interest rate hikes.
Samuel Corum/Getty Images