Central Banks Get a Breather But Can’t Afford to Rest

(Bloomberg Opinion) — To say that the world’s top central banks have been under strain this year would be a big understatement given the amount of political pressure, public blame and economic condemnation thrown their way. (Indeed, because of the Federal Reserve’s consequential domestic and global impact, I have been critical of its prolonged mischaracterization of inflation and its initially underwhelming policy response to an eco…