Leading governors analyse evolving inflation-employment relationship
Powell, Draghi, Lowe and Kuroda assess causes keeping wage growth low across the world
Leading governors analysed the reasons why inflation remains weak across the world’s advanced economies despite low unemployment rates, in a discussion at the forum organised by the European Central Bank in Sintra on June 20.
The ECB’s panel included Federal Reserve chair Jerome Powell, ECB president Mario Draghi, Bank of Japan governor Haruhiko Kuroda and Philip Lowe, the governor of the Reserve Bank of Australia.
Weaker trade unions, increased competition and technological change are the
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