The theme of this year's Jackson Hole central bank meeting is "Reassessing the Effectiveness and Transmission of Monetary Policy", which will talk about the strength of the US economy despite interest rate hikes of more than 5 percentage points and its defiance of many recession predictions. Monetary policy is likely to have less impact on the real economy than in past interest rate cycles, both due to legacy problems of low interest rates that prevailed from 2009 to 2022 and because of...
The theme of this year's Jackson Hole Central Bank Annual Meeting, "Reassessing the Effectiveness and Conductivity of Monetary Policy," will speak of the strength the U.S. economy has maintained despite interest rate hikes of more than 5 percentage points, and its defiance of numerous recession predictions. Monetary policy may have less impact on the real economy than in past interest rate cycles, both due to legacy problems of low interest rates that prevailed from 2009 to 2022, and due to the ...