<html><body><p>Below-target <a href="https://quotes.tuteehub.com/tag/inflation-3850" style="font-weight:bold;" target="_blank" title="Click to read more quotes about INFLATION">INFLATION</a> <a href="https://quotes.tuteehub.com/tag/increases-3955" style="font-weight:bold;" target="_blank" title="Click to read more quotes about INCREASES">INCREASES</a> the real value of debts owed by households and businesses and reduces the <a href="https://quotes.tuteehub.com/tag/ability-493" style="font-weight:bold;" target="_blank" title="Click to read more quotes about ABILITY">ABILITY</a> of central banks to respond to downturns.</p></body></html>

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Below-target INFLATION INCREASES the real value of debts owed by households and businesses and reduces the ABILITY of central banks to respond to downturns.

Author - Jerome Powell Subject - Inflation

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Below-target INFLATION INCREASES the real value of debts owed by households and businesses and reduces the ABILITY of central banks to respond to downturns.

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Below-target INFLATION INCREASES the real value of debts owed by households and businesses and reduces the ABILITY of central banks to respond to downturns.

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