The world’s top central bankers delivered a stern and unified message on the need to curb inflation, declaring at Jackson Hole, Wyoming, that it is broad based, here to stay and will require their forceful action.
The heads of the Bank of England, Swiss National Bank, Bank of Japan, Bank of Korea and several European Central Bank policy makers spoke Saturday at the Kansas City Fed’s annual retreat in the Grand Teton National Park in Wyoming.
Their statements follow remarks by Fed Chair Jerome Powell Friday that sought to unequivocally commit the U.S. central bank to raising interest rates until inflation meaningfully slows.
