More from SNB's Jordan: No comment on currency invention. We don't rule anything out

• Looks at series of models to gauge Swiss francs value; market has to live with some volatility
• no comment on currency intervention. We don't rule anything out
• monetary policy cannot influence explosion and prices in case of a severe shortage
• the longer inflation last, the greater the risk of a 2nd round of facts having a negative impact
• central banks need to watch out that fiscal policy does not dictate monetary policy

Meanwhile SNB's Maechler is now joining in saying:

• inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is back and we are reminded of negative power of inflation
• we are seeing the 1st data point where inflation seems to be stabilizing, too early to call trend
• central bankers need to tame inflation ideally without creating a recession
• we live in a world that is very fragile, that is why it is important to move step-by-step

\Inflation