Jackson Hole in the wake of policy rules

Symposium heralds a move to relying on incoming data and judgement, rather than rules or even formal models, to hit inflation targets, writes Barry Eichengreen

L to R: Christine Lagarde, Kazuo Ueda and Jerome Powell
L to R: ECB president Christine Lagarde, BoJ governor Kazuo Ueda and Fed chair Jerome Powell at Jackson Hole, Wyoming, on August 25, 2023
Photo: Newscom/Alamy Live News

The Federal Reserve Bank of Kansas City’s annual Jackson Hole Symposium continues to attract the best and brightest central bankers and monetary economists. That a hundred of the best and brightest were caught in a vicious hailstorm on their Friday afternoon collective walk in the woods tells us something about their forecasting ability. That said, their willingness to change course – specifically, to turn back as the weather continued to worsen – tells us something important about the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.