In fact, the increase in fossil fuel prices is actually leading to generally higher prices: in part (as I said at the beginning) directly, because of the proportional impact of energy prices on the general index, and in part indirectly, through the sectoral interdependencies in production, which mean that energy prices are incorporated into the cost of products that use energy as input, and the increase thus spreads to other components of the index.
The new financial structure and the broadening mandate for central banks Traditionally, the Federal Reserve’s supervisory responsibilities and its financial stability concerns have centered on commercial banks.