My expectation that nothing of interest would happen at the Federal Reserve’s Jackson Hole conference turned out to be wrong. Fed chair Jay Powell’s speech was boring, sure, but three academics redeemed the proceedings by presenting a paper investors would do well to read.
我曾以為美聯儲(Fed)杰克遜霍爾(Jackson Hole)會議上不會發生任何有趣的事情，事實證明我錯了。美聯儲主席杰伊?鮑威爾(Jay Powell)的演講確實很無聊，但三位學者演示的一篇論文挽救了這場會議——這篇論文投資者應該好好閱讀。
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