October 20, 2021

Now is the time to tighten monetary policy and keep a lid on inflation | Business

This month central bankers from around the world will gather for their annual economic symposium at Jackson Hole, Wyoming. Hosted by the Kansas City Federal Reserve, it has established itself as the premier event to capture the mood of global monetary policy.

This year’s theme is “macroeconomic policy in an uneven economy”. As in most recent years, attention is on how to ensure that monetary policy is fit for purpose in a changing world economy.

For financial markets, the focus at Jackson Hole is almost always on what it means for the next move in American monetary policy. This year will be no different as the chairman of the Fed is, as usual, the headline speaker.

First, though, it is necessary to answer the

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