Analysis: With central banks’ job half done, global inflation talk is shifting

JACKSON HOLE, Wyoming, Aug 23 (Reuters) – Inflation has tumbled spectacularly across much of the world this year but the job is only half done, even if top central banks are now getting ready to wrap up their most aggressive interest rate hike cycle in history. The “last mile” in rooting out pervasive price growth is still set to take years, so easing up now appears contradictory to policymakers’ message a year ago that public trust required bringing inflation back to target quickly, even if that meant inducing a recession. Yet, as global central bankers gather in a mountain lodge…