The greatest tragedy in this moment would be if central banks were to lurch away from a focus on assuring price stability prematurely and we were to have to fight this [inflation] battle twice. ___ Reference: – The ‘greatest tragedy’ would be if central banks don’t finish the job on inflation, Larry Summers says READ OUR NEWSLETTERYOUR COMPETITORS ALREADY DOSUBSCRIBE
The greatest tragedy in this moment would be if central banks were to lurch away from a focus on assuring price stability prematurely and we were to have to fight this [inflation] battle twice.
