At Jackson Hole, Post-Inflation Challenges Vex Central Bankers
- Policymakers pledge to keep rates high until inflation tamed
- Conference attendees grapple with trade, debt challenges
This article is for subscribers only.
The world’s top central bankers stressed the need to keep interest rates high until inflation is contained — and wrestled with deeper economic shifts that will make their jobs harder.
At an annual Federal Reserve gathering in Jackson Hole, Wyoming, keynote speeches from Fed Chair Jerome Powell and European Central Bank President Christine Lagarde on Friday laid out the challenges each is facing in deciding if they should extend historic strings of rate increases that began last year. At the same time, they offered investors few clues as to whether they would in fact do so in the coming months.