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QE
Why Do Central Banks Have No Power Over Inflation?
Fighting global inflation, now at its highest point in decades, has become a number one priority for major central banks around the world. Monetary policy measures that include raising rates are not yet having the desired effect – but it will take time. Nevertheless, there are serious concerns that even such all-powerful institutions as the U.S. Federal Reserve are "running out of ammunition," and there are fewer and fewer opportunities to influence the situation. The problem is that to support monetary policy the Fed needs to liquidate a giant overhang of U.S.