Economist Says BOE Seeing Pound-Related Inflation

The video discusses the dynamics of food prices and their impact on inflation in the UK and US. It highlights the complexities of inflation in the US despite a tight labor market and explores the role of central banks in managing inflation and financial stability. The discussion includes insights from Fed officials and examines the potential for delayed inflationary effects and spare capacity in labor markets.

What are the potential reasons for the lack of inflationary impulse despite low unemployment?

How might the Financial Policy Committee (FPC) influence the macroeconomic environment?