Economics
Westward Ho for Bernanke & Co.
Central bankers ponder the effects of globalization at the Jackson Hole confab. The central question: Is the Fed getting it right?
This article is for subscribers only.
After toiling for seven months at his new job, Federal Reserve Chairman Ben S. Bernanke finally had his official social debut at the Aug. 24 kickoff of the central bank's annual three-day conference in Jackson Hole, Wyo.
The annual lollapalooza for central bankers amid the majestic Grand Teton Mountains had become a celebrated affair under Bernanke's predecessor, Alan Greenspan. It's an occasion for elite government officials, Wall Street bankers, and academics to shed their suits and ties for Western wear while exchanging off-the-record banter about the economic outlook.