Annual inflation picked up pace in France at the end of the summer, despite a political stranglehold choking economic activity, as the European Central Bank looks likely to keep interest rates ...

By two measures — the inflation rate and the Federal Reserve’s target for "price stability" — the statement is inaccurate.

Mainstream economics, especially the kind you’ll find in central banks, likes its models tidy. They assume the economy tends to balance itself out, like a seesaw which settles itself. Inflation, in ...