Thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. So im joined here by olivier now at the peterson institute. Loretta loretta mester. And paul krugman, the economist at City University of new york and columnist for the new york times. Krugman is the guy who makes all journalists nervous because he seems to be more productive than the rest of us and thats kind of frightening given that he does all these other things on the side, but we ask discuss those things later. I wanted to start by asking each of the panelists what they took afwra the away from the conversation we had this morning. I want to start with olivier who makes the observation in the slide you see behind us thats been made about how the wage phillips curve behaves perhaps as one might have expected, but prices arent rising. So the question is what the hell is going on . Okay. So i had prepared a slide in anticipation. I think it has survived the previous three hour
Questions relevant. Today one of the most vexing questions for people who participant in markets, but thats a different part of the world, is that inflation has refused to rise, much less persist, at the 2 targets. Key question is, why . While history will be the judge once the data has been interrogated, we dont have time for that, because todays policymakers and investors need to act and to do so require at least a rudimentary answer to this puzzle. Today we have gathered some of the leading experts in the world. Inflation didnt fall as much during the Great Recession as the models anticipated and hasnt risen as much lately. Is it dead or just dormant or has the death been much exaggerated. In my experience, wiped capitulation is the first sign of the bottom. Thats kind of where we are right now. Has Monetary Policy been so well anchored. Have globalization and Technology Made raising prizes difficult . Has the economy evolved in ways the models simply havent been incorporated . And
Keys counter offensive makes gains. Ah, hello. Youre watching al jazeera alive from doha with me fully back. People also coming up. People pay their respects to the u. K. Late Queen Elizabeth at by moral castle preparations are underway to move her coughing to edinburgh swedes at voting in a close election. The countrys right and far right parties have formed an alliance for the 1st time. With an fading people from an invasion of snakes were on patrol with thailands reptile Rapid Response team. Thank you very much for joining us. We begin in ukraine, where russias grape on the north, east cocky region appears to be weakening. Ukrainian tubes have made massive territorial gains in their counter offensive. Taking control of 2 cities on russian supply roads, russia has withdrawn its forces, saying it is regrouping, and operations at the Russian House operation. Nuclear power plant have been fully stopped. Their state agency in charge of europes largest power plant says it has disconnected
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