Business Standard

What next for central banks?

Even as central banks are currently struggling to contain inflation and manage currency, they would need to prepare for a prolonged period of uncertainty

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Rajesh Kumar
Central banks across the world have had to adjust at an extraordinary pace since the beginning of 2020 and the process is likely to continue for some time. The speed and scope of change can be gauged through policy shifts made by the most consequential central bank on the planet, the US Federal Reserve. In early 2020, things looked perfectly in control as the US economy was witnessing a record 11th year of expansion and unemployment was at the lowest level in decades. In his press interaction in January 2020, though Fed Chair Jerome Powell did refer to uncertainties related
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First Published: Sep 28 2022 | 10:25 PM IST

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