A Hedge-Fund Manager’s Challenge to the Fed

For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. That’s a pity. With global markets gyrating wildly and worries about the Chinese economy growing, there is a lot of uncertainty about whether the Fed will go ahead and raise interest rates next month. If Yellen were in Wyoming, she could use her speech to lay out some of the Fed’s current thinking.

See the rest of the story at newyorker.com

Related:
The Stock Market’s Dive Is Global and Rational
What’s Behind the Overwrought Reaction to the A.I.G. Verdict?
How Will the Economy’s “Lost Decade” Play Out in 2016?