The Jackson four
Should the Fed adopt India’s inflation target?
IN THE latter part of this week, monetary policymakers and theorists from around the world were due to attend the Jackson Hole symposium, 6,800 feet up in the mountains of Wyoming. Many people—aggrieved savers and yield-hungry investors—probably wish they would never come back down. To their critics, central bankers seem strangely committed to two unpardonable follies: eroding the interest people earn on their savings and inflating the prices they pay at the shops.
This article appeared in the Finance & economics section of the print edition under the headline “The Jackson four”
From the August 27th 2016 edition
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