Financial Times/Brendan Greeley/8-22-2019
“’I would say this is the probably the most interesting environment for central bankers since the crisis,’ says Raghuram Rajan, a former governor of the Reserve Bank of India, now at the Chicago Booth School of Business.”
USAGOLD note: Global concerns, a short toolset and a divided FOMC up the ante at this year’s Jackson Hole Federal Reserve conclave. Larry Summers, former Secretary of the Treasury, says policy-makers are confronted with “black hole monetary economics.”
