{"id":15219,"date":"2022-04-11T13:08:43","date_gmt":"2022-04-11T12:08:43","guid":{"rendered":"https:\/\/www.worldpolicyconference.com\/?p=15219"},"modified":"2022-04-11T13:08:43","modified_gmt":"2022-04-11T12:08:43","slug":"olivier-blanchard-fed-will-have-hard-time-slowing-inflation","status":"publish","type":"post","link":"https:\/\/www.worldpolicyconference.com\/fr\/olivier-blanchard-fed-will-have-hard-time-slowing-inflation\/","title":{"rendered":"Olivier Blanchard : \u00ab\u00a0Fed Will Have Hard Time Slowing Inflation\u00a0\u00bb"},"content":{"rendered":"<p><a href=\"https:\/\/www.worldpolicyconference.com\/wp-content\/uploads\/2022\/04\/Capture-1.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-15220\" src=\"https:\/\/www.worldpolicyconference.com\/wp-content\/uploads\/2022\/04\/Capture-1.png\" alt=\"\" width=\"772\" height=\"428\" srcset=\"https:\/\/www.worldpolicyconference.com\/wp-content\/uploads\/2022\/04\/Capture-1.png 772w, https:\/\/www.worldpolicyconference.com\/wp-content\/uploads\/2022\/04\/Capture-1-300x166.png 300w, https:\/\/www.worldpolicyconference.com\/wp-content\/uploads\/2022\/04\/Capture-1-768x426.png 768w\" sizes=\"(max-width: 706px) 89vw, (max-width: 767px) 82vw, 740px\" \/><\/a><\/p>\n<p>The U.S. Federal Reserve will have a difficult job ahead trying to cool the hottest inflation in four decades without triggering a recession, a former International Monetary Fund chief economist said.<\/p>\n<p>\u201cI\u2019m not as optimistic as most people &#8212; I still think it\u2019s going to be very, very tough,\u201d Olivier Blanchard, now a fellow at the Peterson Institute, said Thursday in an interview with Lisa Abramowicz and Tom Keene on Bloomberg. \u201cThe Fed is going to have a hard time slowing down the machine. It has to admit that it has to stall the machine a lot and we don\u2019t want a recession.\u201d<\/p>\n<div class=\"for-you__wrapper paywall\"><\/div>\n<p class=\"paywall\">On Wednesday, minutes of the Fed\u2019s March meeting showed policy makers signaled they will reduce the central bank\u2019s massive bond holdings at a maximum pace of $95 billion a month as part of their plan to curb inflation.<\/p>\n<p>The minutes also show that many of them viewed one or more half-point increases as possibly appropriate going forward to cool off prices.<\/p>\n<p>Watch the interview on the site of <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-07\/fed-will-have-hard-time-slowing-inflation-blanchard-says\">Bloomberg<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Federal Reserve will have a difficult job ahead trying to cool the hottest inflation in four decades without triggering a recession, a former International Monetary Fund chief economist<\/p>\n","protected":false},"author":3,"featured_media":12590,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[153],"class_list":["post-15219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-room","tag-153"],"_links":{"self":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts\/15219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/comments?post=15219"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts\/15219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/media\/12590"}],"wp:attachment":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/media?parent=15219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/categories?post=15219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/tags?post=15219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}