Income inequality

This year’s Jackson Hole hobnob, once again hosted by the Federal Reserve Bank of Kansas City, last week attracted the usual assortment of central bankers, finance ministers, and influential business journalists. But this year’s gathering also attracted something else: protesters. For the first time ever, activists converged on Jackson Hole — to let the Fed’s central bankers know, as protest organizers put it, that “it’s not just the rich who are watching them.” Over 70 groups and unions backed the protest and signed onto an open letter that calls on America’s central bankers to start nurturing an economy that works for workers. At one point, early on in the Jackson Hole gathering, protesters actually had a brief exchange with Federal Reserve Board chair Janet Yellin. “We understand the issues you’re talking about,” Yellin told them, “and we’re doing everything we can.”