Brazil’s economic minister warned Friday that Western central bankers are “sleeping at the driving wheel” as economies slip deeper into a high inflation environment.
‘Boring' Is the New Black – Kevin O'Leary on How He's Investing in a Rising Inflation Environment"I think the central banks are sleeping at the driving wheel. They should be aware, and I think inflation will be a problem, a real problem very soon for the Western world," he said.
"I don't think inflation will be transitory at all," he said."I think these supply adverse shocks will fade away gradually, but there's no arbitrage anymore to be exploited by the Western sides."
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