Central bankers were in reflective mood at last week’s annual Jackson Hole confab. At the 2022 meeting, when inflation was close to 40-year highs, the message from monetary policymakers was simple: interest rates must go higher. This year, while inflation remains “too high”, in the words of US Federal Reserve chair Jay Powell, higher rates have at least begun to pinch demand and price growth is easing. The discussions instead shifted towards the evolving global economic landscape, from the climate transition to geopolitical tensions. The message: central banking is only going to become more complex.
在上周的杰克逊霍尔(Jackson Hole)年度会议上，央行行长们表现出了反思。2022年的会议召开时，通胀接近40年高点，货币政策制定者发出的信息很简单：利率必须提高。今年，尽管用美联储(Fed)主席杰伊•鲍威尔(Jay Powell)的话说，通胀仍然“过高”，但提高的利率至少已开始抑制需求，价格上涨也在放缓。讨论转向了不断演变的manbetx app苹果 manbetx20客户端下载 格局，从气候转型到地缘政治紧张局势。这次传递的信息是：央行如何制定政策只会变得更加复杂。