This article is from the source 'nytimes' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.nytimes.com/2023/07/01/business/economy/central-banks-inflation.html
The article has changed 5 times. There is an RSS feed of changes available.
| Version 3 | Version 4 |
|---|---|
| At the Front Lines of the Inflation Fight, Uncertainty Reigns | At the Front Lines of the Inflation Fight, Uncertainty Reigns |
| (25 days later) | |
| When prices started to take off in multiple countries around the world about two years ago, the word most often associated with inflation was “transitory.” Today, the word is “persistence.” | When prices started to take off in multiple countries around the world about two years ago, the word most often associated with inflation was “transitory.” Today, the word is “persistence.” |
| That was uttered repeatedly at the 10th annual conference of the European Central Bank last week in Sintra, Portugal. | That was uttered repeatedly at the 10th annual conference of the European Central Bank last week in Sintra, Portugal. |
| “It’s been surprising that inflation has been this persistent,” Jerome H. Powell, the chair of the Federal Reserve, said. | “It’s been surprising that inflation has been this persistent,” Jerome H. Powell, the chair of the Federal Reserve, said. |
| “We have to be as persistent as inflation is persistent,” Christine Lagarde, the president of the European Central Bank, said. | “We have to be as persistent as inflation is persistent,” Christine Lagarde, the president of the European Central Bank, said. |