While this is entirely understandable and legitimate, we must resist the temptation to view the future entirely through the lens of the crisis. Crises will come and go, but the role that the financial sector as a whole plays in economic development and welfare will be fulfilled only if we allow it to find a healthy balance between multiple and sometimes potentially conflicting objectives.
See Hie Joo Ahn and Chad Fulton (2020), “Index of Common Inflation Expectations,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, September 2); and Hie Joo Ahn and Chad Fulton (2021), “Research Data Series: Index of Common Inflation Expectations,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, March 5).