U.S. Federal Reserve officials gather today in Jackson Hole, Wyoming to discuss “Inflation Dynamics and Monetary Policy” at their annual economic policy symposium.
At the Jackson Lake Lodge, a roomful of progressive activists vent their frustrations about the U.S. economy. Several floors above, central bankers discuss the world’s economy. They set monetary policy and control interest rates in their countries, rates one economist argues should remain near zero in the U.S.
Just down the road in Wyoming, conservative activists have a very different message for world bankers: higher interest rates encourage banks to lend money and that boosts economies, unlike what is happening now, they argue.
CCTV’s Hendrik Sybrandy filed this report from Jackson Hole, Wyoming.