iwill raising interest rates rightl now have any impact on inflation when you have bigger structural forces at work? _ i don't think so, i think it's- a credibility—building exercise. talk about credibility building, we'll park turkey's interesting experiment with economics going on right now, you can read on bbc online about that. jerome powell has onlyjust stopped describing inflation as a transitory problem, which seems to be acknowledging... the worrying thing is if inflation gets into the system and we can't eliminate it because of limits in terms of the benefits these days, of interest rates making a difference, the kind of tools