Waller's speech at the Jackson Hole conference
Live time: Aug 28, 2026 13:57
Waller's speech at the Jackson Hole conference
Live time: 08/28/2026 13:57:21
沃什在杰克逊霍尔大会演讲
Summary
00:05
Opening Remarks by Speaker
Speaker expresses appreciation towards Jeff Schmidt and Federal Reserve Bank of Kansas City team for their hospitality and reflects on past experiences hiking with former members of the Federal Reserve.
01:40
Remarks on Innovation and Monetary Policy
Speaker emphasizes the importance of innovation in Federal Reserve policy to achieve price stability and full employment while highlighting key topics to be discussed such as AI, technological advancements, and economic outlook.
02:08
Discussion on AI and Economic Impact
Speaker discusses the transformative impact of artificial intelligence on economic growth, productivity, and new metrics for capital investment evidenced by the surge in AI-related infrastructure spending and high profitability in associated industries.
07:00
Future Direction on Forward Guidance
Speaker reviews the challenges and limitations of forward guidance in monetary policy, arguing for refined approaches to ensure clarity and responsiveness in decision-making, especially amidst ambiguity.
18:01
Economic Overview and Labor Market Trends
Speaker provides an evaluation of the current economy, highlighting labor market resilience, rising consumer spending, and increasing private investment supported by AI-related growth, all while noting risks from inflation levels still above target.
22:53
Inflation and Price Stability Challenges
Speaker highlights persistent inflation concerns, reviewing PCE and CPI data trends, broader commodity price increases, and inflation projections, stressing the need for careful monitoring to maintain anchoring expectations.
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