In the US the obsession with the inflation, the Fed, interest rates and financial stability has been displaced from the headlines by an overriding preoccupation with fiscal policy. In the brief interval between the two, Janet Yellen and Jake Sullivan brought the world up to speed on the parameters of what is being dubbed the “new Washington consensus”. More from me on this kaleidoscopic alternation in the
Chartbook 217 The inflationary surge of 2022 - trans-Altantic comparisons and European hotspots.
Need to proofread.