In what may be the funniest bit of economic humor uttered today, funnier even than the deep pontifications at Jackson Hole (where moments ago Stanley Fischer admitted that "research is needed for a better inflation indicator" which means...Show More Summary
[A speech by Stanley Fischer at Jackson Hole turned into a pretend interview] Hello, and thank you for talking with us. Let me start by asking if you feel like it gives the Fed a bad image to have a...
Still "Too Early"After all the hemming and hawing by nearly every Fed governor, and despite the fact the Fed has to do something in just over two weeks, the Fed still does not know what to do. Speaking in Jackson Hole Fed governor Stanley Fisher Keeps September Rate Hike Option on the Table. Show More Summary
JACKSON HOLE, WYO. — Federal Reserve Vice Chairman Stanley Fischer argued Saturday that the persistently low inflation that has plagued the country in recent years could finally begin to reverse, but would likely rise slowly. Speaking at an annual symposium sponsored by the Kansas City Fed in the foothills of the Grand Tetons, Fischer expressed […]
Today's most anticipated event at tthis year's Jackson Hole event was the panel on "Global Inflation Dynamics", not because there is any core inflation in the world (at least not in the way the CPI measures it), especially not now that...Show More Summary
That is, the first step toward NGDP targeting. Marcus Nunes has a new post that quotes a Jon Hilsenrath story in the WSJ: JACKSON HOLE, Wyo.—Central bankers aren’t sure they understand how inflation works anymore. Inflation didn’t fall as much as many expected during the financial crisis, when the economy faltered and unemployment soared. It […]
Live from Jackson Hole 2015 Weblogging: I call it: "Mt. Moran at Dawn with Central Bankers":
Note: Tomorrow, Saturday, at 12:25 PM ET, Fed Vice Chairman Stanley Fischer will speak at the Jackson Hole Symposium on "U.S. Inflation Developments"A couple of quotes from earlier today...From Binyamin Appelbaum at the NY Times: Fed Official Fischer Leaves Door Open for September Rate IncreaseMr. Show More Summary
JACKSON HOLE, WYO. -- Federal Reserve Vice Chairman Stanley Fischer said Friday that it was “too early to tell” whether the nation’s central bank should raise its target interest rate for the first time in nearly a decade when it meets next week. In an interview with CNBC during the Economic Policy Symposium in Jackson […]
Today's Water Cooler: 2016 and ka-ching, the Fed and Jackson Hole, Mr. Market afterburn, Emmett Till, Terry Pratchett, little libraries
Over at Project Syndicate: [A Cautionary History of US Monetary Tightening](http://www.project-syndicate.org/commentary/fed-monetary-policy-tightening-risks-by-j--bradford-delong-2015-08): BERKELEY JACKSON HOLE – The US Federal Reserve has embarked on an effort to tighten monetary policy four times in the past four decades. Show More Summary
Tim Duy: Hawkish Rumblings, by Tim Duy: Fedspeak from the Jackson Hole conference suggests that the more hawkish FOMC participants are sticking to their guns. Cleveland Federal Reserve Bank President Loretta Mester, via the Wall Street Journal: “I want to...
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. What to look for at the Jackson Hole Symposium (Business Insider) Friday marks day two of the Kansas City Fed's Jackson Hole Symposium, which has become a way for the Fed to communicate future policy. Show More Summary
JACKSON HOLE, Wyo. (Reuters) - Recent market turmoil should not delay the Federal Reserve from raising U.S. interest rates at least once, given that the selloff and a slowdown in China have so far had little effect on the U.S. economy, a top Fed official said on Friday. Show More Summary
Links to the best reading in funds investing: A bunch of big shots are in Wyoming to talk about the economy: five things to watch — Ben Leubsdorf, The Wall Street Journal A Q&A about what the heck is going on with Bank of New York Mellon (BK), SunGard and net asset values — Bank […]
JACKSON HOLE, WYO. -- The Federal Reserve has drawn plenty of critics in the years since the financial crisis. But it’s a good bet nobody guessed one of the founders of Facebook would be among them. Dustin Moskovitz and his wife, Cari Tuna, have become billionaires since he started the behemoth social networking site with […]
Over the past several years, the two-day Jackson Hole symposium had garnered a particular prominence among economists and market watchers as this is where various key inflection points by the Fed were hinted, leaked or announced, including QE2, QE3 and the taper. Show More Summary
Overnight's start attraction was as usual China's stock market, where trading was generally less dramatic than Thursday's furious last hour engineered ramp, as stocks rose modestly off the open only to see a bout of buying throughout...Show More Summary
The 2015 SHIFT Festival will be held in Jackson Hole, Wyoming, from October 7-10, 2015. Registration for the festival, which explores the intersection of conservation and outdoor recreation, is now open. Read more in the press release below. Journalists Invited … more ?
Progressive activists and economists who want the Federal Reserve to prioritize jobs and racial justice brought their case to the central bankers' summer meeting in Jackson Hole, Wyoming, on Thursday for two days of teach-ins and protests. Show More Summary