Inaction in Europe Makes the Fed’s Anti-Inflation Fight Tougher

Inaction in Europe Makes the Fed’s Anti-Inflation Fight Tougher
The Federal Reserve building is seen in Washington on Oct. 20, 2021. Joshua Roberts/Reuters
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Commentary

The European Central Bank (ECB) has made the Federal Reserve’s (Fed) job harder. After dangerously ignoring inflation for months, Fed Chairman Jerome Powell has at last adopted an anti-inflationary policy stance.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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