Attention Economy


Thursday, August 25, 2022

Fed's Monetary Policy Dilemma

Jackson Hole Should Be a Mea Culpa for Central Bankers
https://www.bloomberg.com/opinion/articles/2022-08-25/jackson-hole-should-be-a-mea-culpa-for-central-bankers
Policy makers need to acknowledge their past mistakes, as well as detail the trade-off between growth and inflation.

History shows the hype around remarks at the annual Federal Reserve symposium is usually overdone. Economic data holds the real keys to the market's future.
https://www.bloomberg.com/opinion/articles/2022-08-25/jackson-hole-federal-reserve-symposium-is-rarely-an-economic-waterloo

Nobody Knows How Interest Rates Affect Inflation
https://www.wsj.com/articles/nobody-knows-how-interest-rates-affect-inflation-unstable-stable-seal-pendulum-1970s-spirals-expectations-federal-reserve-11661368265
 
What Will Happen to Black Workers’ Gains if There’s a Recession?
https://www.nytimes.com/2022/08/24/business/economy/black-workers-recession.html 

US rents hit a record high for the 17th month in a row
https://www.cnn.com/2022/08/24/homes/us-rents-record-july/index.html