Jackson Hole Economic Policy Symposium: At The Cliff Edge

Summary

In the shadow of the spectacular Teton Mountains in Jackson Hole, Wyoming, the Federal Reserve Bank of Kansas City held its forty-third Economic Policy Symposium from August 22 to 24. This year, a decade on from the Great Recession, the discussion focused on "Challenges for Monetary Policy."

Key points

• Key points:
• The event, attended by bankers from prominent central banks, academics and representatives from both the government and the financial sector, aims to discuss key economic issues and their implications, and monetary policy options.
• Attention was focused on the speech by Jerome Powell, Chair of the Federal Reserve (Fed), and his vision for the future direction of monetary policy in the US.
• Powell highlighted that the current environment of slow growth and low inflation increases the risk that monetary policy will be trapped in a low-interest scenario over a prolonged period.

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