The Globe and Mail reports in its Wednesday, Oct. 23, edition that as inflation finally drops below 2 per cent, all eyes are on the Bank of Canada's next interest-rate decision on Wednesday. The Globe's guest columnist Jacqueline Best writes that meanwhile, the U.S. Federal Reserve finally started bringing rates down in September. Does this mean that central bankers are the superheroes who have saved the day yet again? Or are they the supervillains that their critics make them out to be, responsible for the inflation that has driven the recent cost-of-living crisis? Both of these narratives make the same basic assumption: that central banks have huge influence, for good or ill, over the state of the economy. Central banks' policies may not be the main reason for the reduction in pandemic-driven inflation. Most of the recent decline is linked to the easing of temporary factors like supply constraints and a shift in consumer demand from services to goods. Inflationary expectations have not risen as policy-makers feared, but it is unclear if this results from central bank actions. We do not need the BOC to be a superhero. We do need it to play a constructive, collaborative and innovative role in today's economy.