美联储柯林斯：全球经济一体化的退潮可能会推高通胀

Core Viewpoint - The potential retreat from global economic integration may complicate the Federal Reserve's efforts and increase price pressures [1] Group 1 - The shift towards "economic fragmentation" could lead to a transitional period of inflationary pressure [1] - This environment may result in a reduced level of financial integration, which could raise domestic borrowing costs and broadly impact financial conditions [1] - A more turbulent and fragmented global environment may exacerbate business cycle and inflation volatility [1] Group 2 - The complexities of maintaining price stability and maximum employment may increase for the Federal Reserve, especially if supply-side shocks become more significant in this new environment [1] - Rising global risks and fragmentation are likely to suppress short-term economic activity while lowering long-term growth [1] - These factors may become significant, transformative, and interwoven forces shaping the economic landscape in the coming years [1]