Will central bank money ever be equitable?

US Fed's Jerome Powell speaks at Jackson Hole

OVER the weekend, top central bankers convened (some by zoom) in Jackson Hole, Kansas, to discuss “Macroeconomic Policy in an Uneven Economy.”

Everyone awaited eagerly what the “capo di capo” of financial capitalism, Jerome Powell, will say about the US Federal Reserve’s (Fed) monetary policies in the wake of global and national imbalances.