Collins, Quinsee, Gapen on U.S. Versus EU Inflation

The transcript discusses global economic trends, highlighting uniform inflation issues and the ability of companies to shift resources globally. It compares the economic cycles of Europe and the US, noting Europe's lag. The US is experiencing structural disinflation due to factors like the platform economy and price wars. The divergence between central banks, particularly the ECB and the Fed, is explored, with a focus on Canada's strong economic performance. The Bank of Canada's communication strategy is praised. Finally, the appropriateness of current monetary policies is debated, considering factors like demographic headwinds and financial stability.

What are the implications of the Fed's current monetary policy stance?

Discuss the potential impact of financial asset prices on central bank decisions.