Policy-making for the post-pandemic period has begun. Common sense made a welcome reappearance in the debate over the sudden jump in recovery-induced inflation when Federal Reserve Chair Jerome Powell acknowledged that there are upside risks to the US central bank’s forecasts that aggressive price gains in some sectors will fade away. Though a lot of the recent surges may indeed ...

Thousands of miles from the corridors of the Federal Reserve and European Central Bank, a struggle between competing views on inflation is unfolding. Two emerging-market icons are watching prices jump and steering very different courses: Brazil is cracking down, while India prefers to wait and hope the phenomenon flames out on its own. Which of the two approaches proves most ...

Venezuela’s strongman sounds desperate. In an interview with Bloomberg News, Nicolas Maduro pleads with US President Joe Biden to lift the crippling sanctions on his country imposed by former President Donald Trump. “If Venezuela can’t produce oil and sell it, can’t produce and sell its gold, can’t produce and sell its bauxite, can’t produce iron, etcetera, and can’t earn revenue ...