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Examining the Recent Inflation Episode, the Fed’s Response, and Effects on Markets
The rise in inflation following the COVID-19 pandemic was a global phenomenon, and it prompted many central banks to tighten monetary policy to bring inflation down. A recently published Centre for Economic Policy Research e-book, “Monetary Policy Responses to the Post-Pandemic Inflation,” provides a collection of viewpoints on the actions of central banks and their effects across various economies and markets. We were pleased to contribute a chapter discussing the effects of inflation and the Federal Reserve’s policy tightening response on U.S. financial markets. In this article, we highlight key themes from ... (full story)