The Dilemma of the Fed and Other Major Central Banks in the Face of the Ukraine-Russia War

A difficult balancing act awaits Jerome Powell and the other central bankers in the months to come.

It has been more than ten days since the war between Ukraine and Russia started. If you live in the Western world, your news channels are constantly broadcasting images of this war. Military experts, geopolitical specialists, and economists are on the air, feeding their ideas to debates that are trying to explain what is at stake in this war between Ukr…