If each central bank simply did what was right for its own country (keeping its inflation low and creating stability), the world would have very good performance overall — meaning much explicit international coordination is unnecessary, though it remains useful to ensure no central bank makes life difficult for its counterparts.
normativepending
Speaker
John TaylorEvidence Quote
“if each central bank did what was right for its country that is us kept its inflation rate low and and tried to create stability the ECB and Europe did the same thing then we'd have just a very good world performance in other words each country doing its own thing would prevent if you like instability and inflation more broadly”
Created: 6/15/2026, 9:20:12 AM
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