Uneasy Calm at Fed’s Jackson Hole Conference

Adam S. Posen says the mood at the annual Economic Policy Symposium sponsored by the Federal Reserve Bank of Kansas City at Jackson Hole, Wyoming, which he attended in late August, reflected widespread concern about the Fed's ability to fight the next economic downturn. The Fed chair, Janet Yellen, sought to calm nerves at the conference but left many participants uneasy about continued slow growth in the United States.
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Adam S. Posen (PIIE)

August 31, 2016