Fed's Kroszner on conquest of worldwide inflation

In the speech 'The conquest of worldwide inflation: Currency competition and its implications for interest rates and the yield curve' given on 16 November Randall Kroszner of the Federal Reserve said better performance by central banks around the world and globalization has led to a conquest of worldwide inflation.

However, Kroszner noted that it might only be a temporary victory unless citizens and politicians continue to recognize the benefits of low inflation.

Renewed protectionism could lead

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