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Diane Swonk: Central banks faced concerns over persistent inflation in 2022
Diane Swonk noted that as early as 2022, many central banks expressed concerns about a shift into a period defined by recurring shocks and heightened inflation. Swonk stated that unfortunately, these worries were not internalized quickly enough, contributing to ongoing challenges.
She also referenced another viewpoint, indicating that repeated supply disruptions can make inflation more persistent over time.
Earlier this year, Swonk discussed how the Iran conflict triggered global supply chain turmoil and higher U.S. freight costs in a separate analysis. She has also highlighted the growing financial influence of Gulf countries through their sovereign wealth funds, according to a recent report. Her ongoing commentary tracks recent disruptions across geopolitical and economic fronts.
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