Fed’s Powell faces ‘significant and complex challenges’ on inflation, employment, and independence at Jackson Hole – El-Erian

(Kitco News) – This year’s Jackson Hole symposium finds the Fed stuck between a rock and a hard place, with near-intractable problems on both sides of its dual mandate and ongoing challenges to its credibility and its independence, according to Mohamed El-Erian, chief economic adviser of Allianz and president of Queens’ College, Cambridge.