Jackson Hole
FOMC members ‘increasingly uncomfortable' with Fed's forward guidance
Members are interpreting recent economic upturn very differently, new minutes show; views differ on how to communicate labour market improvements to the public
Kuroda believes QQE has started to ‘exert effects’
Bank of Japan governor Haruhiko Kuroda says the radical easing plan unveiled in April has led to a ‘favourable turn’ in the country’s finanical markets, public expectations and economic activity
Jackson Hole speakers question viability of central bank co-operation
BoE deputy Charlie Bean says it is not ‘viable’ for advanced central banks to internalise the spillovers from their monetary easing; academics argue co-operation could create extra costs
Lagarde tells central bankers not to 'rush to exit' on QE
Speaking at Jackson Hole, the head of the IMF said unconventional monetary policies were "still needed in all places it is being used" and that it was unclear what "exit" actually implied
Economists weigh Fed exit at Jackson Hole
Robert Hall warns against tightening policy too soon; Arvind Krishnamurthy lays out exit path that would see Fed selling its Treasury portfolio while maintaining its purchases of MBS