Meridian Daily News

The Great Waiting Game: Central Banks and the Last Mile of Inflation

By Evelyn Hartwell · 7 min read

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The mahogany doors of the Eccles Building in Washington D.C.

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We have entered the most boring, yet most dangerous, phase of the economic cycle.

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I remember covering the 2008 crash from a cramped desk in London, and the atmosphere then was one of sheer panic.

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To understand why we’re stuck, you have to look at the road behind us.

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Now, inflation has cooled significantly from its 9% peaks, but the descent has flattened out.

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That 1% gap is the hardest to close.

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