While the Central Bank is doing everything possible to lower inflation, the work of the public and private sectors must focus on productivity, the only way to generate wealth without boycotting the work of monetary policy.
If anyone had any remaining doubts that the U.S. Federal Reserve is focused primarily on meeting its inflation target, they were dispelled this week.
This logic is anchored to the market playbook of past recessions, but "the world is different now, inflation is much higher."
The work that Central Banks are doing now has little to do with controlling current inflation.