Axios/Neil Irwin and Courtney Brown/8-29-2020
“As many of the world’s most powerful economic policymakers took to the lectern at an annual economic symposium in Jackson Hole, Wyoming, in the last few days, a recurring — and disturbing — theme emerged from the proceedings. Many of these leaders believe that the extraordinary economic volatility of the last few years — with whipsawing growth, supply disruptions and inflation — are likely to persist for many years to come.”
USAGOLD note: Increasingly one gets the feeling that the central banks see these problems as intractable. In a talk delivered at the conference, ECB board member Isabel Schnabel warned that there likely will be “more frequent and more persistent shocks in the years ahead.”
