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IMF’s Chief Economist, Pierre-Olivier Gourinchas has sounded the alarm on the Preservation of the Independence of Central Banks.
This is following U.S. President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell, as he underlined the importance of maintaining their credibility in fighting inflation.
At a briefing during the spring meetings, he said Central Banks faced a delicate moment in managing inflation, especially in countries like the United States where Trump’s tariffs on imported goods are expected to stoke inflation.
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