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Jackson Hole Eight years after the crash, major economies including the US are stuck with sub-target inflation, ultra-low rates, and economic growth that remains pedestrian.

Beneath the surface at the Kansas Fed’s annual symposium at Jackson Hole, many economists remained anxious. 

Their meetings highlighted worries about whether western central banks have sufficient scope to galvanise growth without help from other branches of government...

Without action from lawmakers in countries including the US, where Congress has a history of bitter budgetary deadlocks, they could be trapped in a low-growth rut that leaves them hugely vulnerable when the next downturn comes.

FT 28 August 2016

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