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[Lucrezia Reichlin] Europe s monetary over-tightening trap

Headline inflation is falling fast in the United States and the eurozone, following a succession of sharp interest rate hikes by the US Federal Reserve and the European Central Bank. But monetary policymakers on both sides of the Atlantic have made it clear that they are not done yet. Are they going to go too far? Core inflation, which is still running at around 5 percent in the US and the eurozone, remains a major c.

[Lucrezia Reichlin] Europe s monetary over-tightening trap

Headline inflation is falling fast in the United States and the eurozone, following a succession of sharp interest rate hikes by the US Federal Reserve and the European Central Bank. But monetary policymakers on both sides of the Atlantic have made it clear that they are not done yet. Are they going to go too far? Core inflation, which is still running at around 5 percent in the US and the eurozone, remains a major c.

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