Intriguing Possibility Emerges for Federal Reserve’s Annual Retreat Next Week — It’s Not Totally Confident of Its Own Model

It’s too soon to get the actual policy papers being discussed, but the possibility of a breakthrough beckons in the debate over inflation.

AP/Jacquelyn Martin
The Federal Reserve chairman, Jerome Powell, on December 14, 2022. AP/Jacquelyn Martin

Central bankers and policymakers will, starting Thursday, be meeting with academics and economists at the Federal Reserve’s annual symposium in Jackson Hole. This year’s topic for discussion is not of the generic variety such as the “Challenges for Monetary Policy” theme from the 2019 conference. Nor will it serve up geopolitical scapegoat theories for monetary policy failures such as last year’s topic, “Structural Shifts in the Global Economy.”

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