Yellen Sets Jackson Hole Agenda

Federal Reserve Chair Janet Yellen set the agenda at the annual Jackson Hole, Wyoming, economics conference by describing the challenges in determining the state of the labor market. 
Setting the tone.

As Federal Reserve Chair Janet Yellen stepped up to the microphone this morning in Jackson Hole, Wyoming, to deliver her first keynote speech at this annual conference since she succeeded Ben Bernanke, some wondered whether she would offer a policy-oriented speech and adopt an academic tilt to engage an audience consisting mostly of other central bankers and university professors. Some, like me, were also wondering whether Yellen would go further than Bernanke by taking more of a global perspective. It is, after all, a global central bankers' confab.

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