When Will We See Real Inflation in Larger Economies?

The video discusses global inflation challenges, focusing on overcapacity and its impact on investment returns. It highlights the role of central banks, particularly the ECB and the Federal Reserve, in managing monetary policy and interest rates. The US is urged to become an inflation leader, with a focus on promoting inflation to meet targets. The need for global economic coordination is emphasized, given the interconnected nature of global trade and the limitations of current central bank capabilities.

What is suggested as a necessary action for the US to become an inflation leader?

Discuss the implications of global trade on local inflation as mentioned in the text.