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EDITORIAL

If the Fed had to choose its poison, it'd be stagnation over inflation

Wednesday, August 24, 2016 - 05:50
38574316.3 (39613318) - 23_08_2016 - FILES-US-ECONOMY-BANK-GROWTH-BEIGEBOOK.jpg
The question before the US Federal Reserve as it hunkers down at its annual retreat at Jackson Hole, Wyoming, is whether the time has come for another round of interest rate hikes.

THE question before the US Federal Reserve as it hunkers down at its annual retreat at Jackson Hole, Wyoming, is whether the time has come for another round of interest rate hikes.

There is no obvious answer, but when all things are considered, the balance of risks suggests that the Fed