Why Jackson Hole is chance for central banks to look beyond horizon

Quick Summary:

The ability of central banks to pursue their main goals will depend increasingly on pursuing reforms in how they think and function.

A better alternative would be for the Fed to adopt “scenario analysis”, which provides the public with a range of credible risks and possible responses by the central bank.

More insights into plans for expediting central bank digital currencies (CBDC) – virtual money backed and issued by a central bank – would also be welcome.

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Article Details

Author / Journalist: James David Spellman

Category: Business

Markets: Hong KongChinaCubaJapanSaudi ArabiaSwedenThailandUnited Arab EmiratesUnited States

Topics: Monetary Policy Hole Jackson Digital Fed’s Central Banks Powell Years Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 16:30:09 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 1073 words

Reading Time: 6 minutes read

Sentences: 42 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22192148

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Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 6 hours ago

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