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Iran war and persistent inflation will derail policy – panellists

Former St Louis Fed president joins ECB and BIS’s chief economists in outlining future paths

Left to right: Michael Krause, Frank Smets, Philip Lane and James Bullard
Left to right: Michael Krause, Frank Smets, Philip Lane and James Bullard
Levente Koroes

Stubborn price growth and the Middle East conflict are likely to derail monetary policy normalisation around the world, panellists at the European Central Bank Watchers Conference have said.

Convening in Frankfurt today (March 25), the ECB’s chief economist Philip Lane, the former Federal Reserve Bank of St Louis president James Bullard and the head of the Bank for International Settlements’ monetary and economic department Frank Smets presented their views on global economic trends.

Lane: risk of

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