Today’s most anticipated event at tthis year’s Jackson Hole event was the panel on “Global Inflation Dynamics”, not because there is any core inflation in the world (at least not in the way the CPI measures it), especially not now that China is finally in the deflation exporting business, but because the most important speaker at this year’s Jackson Hole, Fed vice chairman Stanley Fischer, alongside BOE’s Mark Carney, the ECB’s Constancio and the RBI’s Raguram Rajan, would comment.
Moments ago he just did, and courtesy of Market News, here are the highlights: