Fed's George and Kaplan Stake Out Inflation Debate at Jackson Hole
- George seeks another 2017 hike, while Kaplan wants patience
- Both officials agree it’s time to shrink balance sheet
George Sees Another 2017 Hike Despite Low Inflation
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Two Federal Reserve officials took opposite sides of the central bank’s ongoing debate over how to respond to disappointingly low inflation figures, as policy makers gathered for their annual symposium in Jackson Hole, Wyoming.
Conference highlights this year include a speech by Fed Chair Janet Yellen at 10 a.m. New York-time on Friday, followed by a 3 p.m. address by European Central Bank President Mario Draghi. The gathering occurs against a backdrop of modestly improving global growth and lower unemployment, while inflation has failed to rise as expected.