BlackRock's Hildebrand Sees 'Significant Damage' Getting to 2% Inflation

The transcript discusses the challenges faced by central banks in managing inflation and economic stability. It highlights the trade-offs between controlling inflation and the potential negative impact on the real economy. The discussion includes the end of the Great Moderation era, where stabilizing inflation no longer guarantees overall economic stability. The transcript also explores the high costs associated with achieving price stability and the shift towards a supply-side driven inflation regime.

What are the trade-offs that central bankers face when trying to manage inflation?

What does the speaker suggest about the relationship between inflation and the real economy?

According to the text, what is the implication of reaching peak inflation?

What does the term 'Great Moderation' refer to in the context of inflation management?

How does the current inflation regime differ from previous economic conditions?