BlackRock's Hildebrand Says Inflation Will Drop `Very Quickly'

The transcript discusses the anticipated rapid decline in inflation and the challenges central banks face in maintaining price stability. It highlights the role of central banks like the ECB and the Fed in managing inflation expectations and the market's misunderstanding of potential easing. The discussion emphasizes the difficulty of reducing inflation below 4% due to labor market constraints and the end of the Great Moderation era.

What is the speaker's view on the possibility of easing monetary policy this year?

What does the speaker mean by 'the Great Moderation is over'?