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Money Talks from The Economist

Money talks: Treks and hikes

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 23 August 2016

⏱️ 20 minutes

🧾️ Download transcript

Summary

Henry Curr talks about the annual meeting of central bankers in Jackson Hole and why they are discussing a change to inflation targeting. And Soumaya Keynes and Ryan Avent round-up the best economic blogs this month - how does the sharing economy impact niceness? Andrew Palmer hosts.

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Transcript

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0:00.0

Attention at all passengers. You can now book your train tickets on Uber and get 10% back in Uber credits to spend on your next train journey.

0:11.0

So no excuses not to visit your in-laws this Christmas.

0:16.5

Trains now on Uber. Tees and sees apply check the Uber app.

0:29.2

Hello I'm Andrew Palmer, Business Affairs Editor, and you're listening to Money Talks. And on this show, as the world's central bankers prepare to meet in America's remote wilds, Henry Kerr talks about what's on their minds.

0:37.0

They all stay in a lodge, which is called the Jaffin Hole Lodge, go hiking and so on, but also discuss a bit of monetary policy in their conference

0:45.2

meetings.

0:46.2

And Sumaya Keynes and Ryan Avent round up the most interesting economic blogs this month,

0:50.8

starting with the effects of the sharing economy.

0:53.0

Uber and Task Rabbit and Amazon, these all seem like amazing things,

0:57.0

but are they, you know, is there a hidden cost?

0:59.0

What we're actually doing is preparing to sweep aside personal relationships entirely so we don't ever

1:05.7

have to talk to any humans ever.

1:10.3

But first, Central Bankers from around the world are meeting later this week in Jackson Hole, Wyoming,

1:15.0

to discuss monetary policy in an era of low growth and depressed interest rates.

1:20.0

With me on the line now is our US economics editor Henry Kerr.

1:24.0

Henry first give us a feel for what happens in Jackson Hole, who attends and what's on the agenda?

1:29.0

Well Jackson Hole is a annual conference hosted by the Federal Reserve Bank of Kansas City, one of the regional

1:37.0

Fed banks. And at it, monetary policy makers from all across America, but also internationally come and discuss a set theme and they all stay in a

1:48.1

lodge which is called the Jatsun Hole Lodge go hiking and so on but also discuss a bit of monetary policy in their conference

1:55.1

meetings.

1:56.1

Okay, and this year they're looking at sort of whether the old orthodoxies around monetary

1:59.8

policy still hold good, and in particular there are questions around whether the sort of

...

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