I had high hopes of the Federal Reserve’s annual Jackson Hole conference. The conference was billed as a forum that would look at new approaches to the conduct of monetary policy — something I have been urging as necessary given secular stagnation risks and the sharp decline in the apparent neutral rate of interest. And the speech by Fed chairman Janet Yellen in a relatively academic setting provided an opportunity to signal that the central bank recognised new realities required new approaches.
我曾對美聯儲(Fed)的杰克遜霍爾(Jackson Hole)全球央行年度研討會寄予厚望。該研討會被稱為尋求貨幣政策新方法的論壇——鑒于長期增長停滯的風險和中性利率的急劇下降，我一直敦促有必要尋找貨幣政策新方法。美聯儲主席珍妮特?耶倫(Janet Yellen)在相對學術的環境下的演講，讓她有機會暗示，美聯儲已經認識到新現實需要新方法。
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