The Bank of England's Megan Greene on Monetary Policy in a World of Supply Side Shocks | Odd Lots

Ever since Covid, central banks around the world have had the same problem. They have tools that are designed to modulate demand, but so many challenges have involved the supply side of the economy. Whether we're talking about supply chain disruptions, the war in Ukraine, and now the war in Iran, these are all issues for which monetary policy is of limited value. Of course, the temptation is to "look through" these issues, recognizing the fact that these disruptions don't say much about the actu...