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IVOL - Are Central Banks Risking Their Independence?
Quadratic Interest Rate Volatility and Inflation Hedge
Monetary policy institutions may be straining their credibility, which increases the likelihood of political encroachment and threatens our hard-earned victory over volatile consumer prices.
The second way central banks may be risking credibility could be a still bigger threat to their independence.
Certain groups get left behind in the jobs market, but we know from the past five years that they can find work if a cycle lasts long enough for that market to become really tight.