There is a Federal Reserve symposium in Jackson Hole and one, slammed the Fed.
The Fed listens to Wall Street and believes what it hears,'' Buiter said yesterday in a paper presented to the Fed's conference in Jackson Hole, Wyoming. ``This distortion into a partial and often highly distorted perception of reality is unhealthy and dangerous.
The Bank of Israel Governor was considering putting the hose on 'em, the debate is so fierce.
He is saying the Fed catered to banks and is causing inflation.