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The future direction of financial stability, economic environment and monetary policy response

Amid a macroeconomic backdrop of high inflation, interest rate hikes and weak growth across developed and emerging markets, the monetary policy outlook for the US Federal Reserve and global central banks remains uncertain. In this new paradigm, what does the future hold for the Fed’s move to accelerate quantitative tightening and reduce the size of its balance sheet? Is it time for major economies to revisit their 2% inflation targets? Should global central banks adopt the Fed’s dual mandate? What role is the digital dollar set to play in the US payments system?