INSEAD's Fatas Says Central Banks Have Correct Stance

The transcript discusses the stances of central banks like the ECB and the Fed on stimulus and rate hikes. It highlights the economic context since 2008, focusing on inflation trends and forecasts. The debate centers on whether central banks should prioritize financial stability or focus on achieving inflation targets. The discussion concludes with the need for central banks to remain committed to their inflation goals despite past forecast inaccuracies.

What does the speaker believe should be the primary target for central banks?

What is the speaker's forecast for inflation in the US compared to Europe and Japan?