Jackson Hole meeting: Post-inflation challenges ha

Ai Huicha, August 28, at the Jackson Hole annual meeting, the world's major central bankers emphasized the need to maintain high interest rates until inflation is under control, and dealing with deeper economic changes will make the central bank's job more difficult. Central bankers have given investors few clues as to whether they will need to continue tightening policy in the coming months. Bank of England Deputy Governor Broadbent said UK interest rates may need to rise further, while Bank of Japan Governor Kazuo Ueda reiterated the continued need to keep rates low. A key theme that emerged in the official minutes and sideline conversations is that currencies face many factors beyond their control that make the job harder. Participants discussed topics including productivity and innovation, bond market structure, global supply chains and rising public debt levels.