Thinking of this phrase from our October 2020 piece: "central banks are in a difficult position: they are holding the lion of financial stability by the jaws without being able to let go even when a second lion, inflation, may approach." https://cepr.org/voxeu/columns/tackling-inflation-if-it-reappears

🐦🔗: https://n.respublicae.eu/lugaricano/status/1635988235645243392