Welcome to Money for the Rest of Us. This is a personal financial show on Money. How it

works, how to invest it, and how to live without worrying about it. I'm your host, David

Stein today, is episode 400. 400 episodes. The title is What If High Inflation Persists

for Years? I've been doing the Money for the Rest of Us

Podcast for over eight years. I obviously, when I started, didn't anticipate doing it

for eight years. But here we are at episode 400, numbered episode 400. If we include

the premium money for the rest of us plus episodes, I've done close to 800 episodes. Thanks

for listening to the podcast. Thank you for sharing our work with others for your feedback

that you provide, including leaving reviews on the podcast. We considered doing a special

episode for the 400th episode. My son Brett suggested we should do something special

for episode 401. In honor of the 401k, the primary employer-spontary retirement plan in

the U.S. We decided, though, that we would hold off doing a special episode today, hold

it off for a couple of years. We'll wait until we celebrate our 10th anniversary and our

500th episode. So again, thanks for everything you do to share the show, listening to the

show, engaging with the show, and all of the other content we provide at Money for the

Rest of Us. But let's get to this week's topic. Last week, Federal Reserve Chair Jerome

Powell gave a keynote speech at the Kansas City Federal Reserve Bank's Economic Policy

Symposium in Jackson Hole, Wyoming. This is one of the longest running and one of the

largest central bank conferences in the world. It's been going on since 1978. They've

held it in Jackson Hole since 1982. Every August, I think they should change when they hold

it because every August in Jackson Hole, and I know this because it's not that far from

our cabin in Idaho, it gets smoky with wildfires. If all these central bankers coming and it's

...