With regards to inflation, there is evidence central bankers were simply lucky over the last forty years, provided a global demographic dividend leading to disinflation that has now ended. They may not be sufficiently equipped to manage inflation in such a novel forward looking macro.

https://www.youtube.com/watch?v=k1ISaLwzm4c

https://www.youtube.com/watch?v=5nvsDmwZWdM?t=1786

https://www.suerf.org/wp-content/uploads/2023/12/f_fa99ccdbe...