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Federal Reserve under growing pressure to reform system, goals
Reuters: The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable inflation.
But as the country's central bankers converge for their annual symposium in Jackson Hole, Wyoming this week, they are under increasing pressure to reform their own system and goals to better reflect the diversity of America and its incomes.
At this year's flagship economic policy conference, from Aug. 25 to 27, U.S policymakers will confer not only with their counterparts from around the world but also host a meeting on Thursday with a group calling for a radical overhaul of the Fed.
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