Bracing for a More Inflationary World
![Bracing for a More Inflationary World](https://webapi.project-syndicate.org/library/fd2d1294ac01e162253ab9666bd15755.16-9-xlarge.1.jpg)
Faced with societal aging, de-globalization, climate change, anti-immigration sentiment, and technological advances, central banks will feel pressure from many directions in the coming years, even after they bring today’s inflation under control. Difficult trade-offs will be unavoidable.