The big mistake of the Fed and the ECB: and now there is a risk of stagflation

The question for central bankers today is: for what mistake do you want to go down in history? “It sounded like a joke, but the great American investor wasn’t smiling when he uttered it. And no one in the austere building of the Federal Reserve in Washington or in the futuristic skyscraper of the European Central Bank in Frankfurt is in the mood for jokes. Understandable reactions because the situation of the world economy is not a joke.