by Michael Covel
Recently, two of the world’s most influential central bankers sent a critical signal to investors…
Bank of England (BoE) governor Mark Carney and Federal Reserve Chair Janet Yellen both revealed their desire to let their respective economies “run hot.”
They’re going to allow inflation to go higher than usual as a trade-off for economic growth.
That means the central banks’ long-standing 2% inflation target is effectively being tossed aside.