Since 1981 the Federal Reserve of Kansas City has hosted the annual confab for central bankers at Jackson Hole Wyoming. Members of the Federal Reserve will be joined by leaders of the European Central Bank, Bank of England, and Bank of Japan. This year’s topic is “ Reassessing the Effectiveness and Transmission of Monetary Policy ”. The discussions might be more interesting than the usual monetary menu given the unusual nature of the recovery after the Pandemic. Fueled by government spending and aggressive monetary policies by every central bank in the world, the surge in inflation and...
