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The Risk of Losing Monetary Policy Independence

Monday, August 31, 2020

Yopie Hidayat (Contributor)

Illustration: tempo/ehwan. tempo : 173222965812.

WHEN the Federal Reserve holds its annual symposium at Jackson Hole, Wyoming, the financial market definitely will pay attention very closely. The same goes with this year, even though the Covid-19 pandemic made it had to be done virtually. On Thursday, August 27, the presentation delivered by Federal Reserve Chairman Jerome Powell at the forum shook markets everywhere.

There, Powell presented the Fed’s new strategy. The Fed will no l

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