Economists weigh Fed exit at Jackson Hole

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Jackson Hole today kicked off with two academics laying out their thoughts on when and how the Federal Reserve should unwind its accommodative monetary policy.

Speculation is rife that the Federal Open Market Committee (FOMC) will begin scaling back the Fed's asset purchases at its next meeting, on September 17 and 18, while markets remain uncertain over the timing of an increase in the federal funds rate.

Robert Hall, a professor of economics at Stanford University, urged the FOMC not to bow to

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