Financial and Monetary Systems

Jackson Hole: what the world needs from the Fed

The United States Federal Reserve Board building is shown behind security barriers in Washington October 28, 2014. The U.S. Federal Reserve this week will likely reinforce its stated willingness to wait a long while before hiking interest rates after a volatile month in financial markets that saw some measure of inflation expectations drop worryingly low.     REUTERS/Gary Cameron    (UNITED STATES - Tags: BUSINESS POLITICS) - RTR4BX4X

The Fed could hike once but beyond that, they need to do a Rip Van Winkle and go into hibernation for a while. Image: REUTERS/Gary Cameron

Lutfey Siddiqi
Visiting Professor-in-Practice, London School of Economics and Political Science
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