Jon Hilsenrath in the Wall Street Journal says some international officials attending the Jackson Hole meeting have a message for the Fed considering a rate hike: Get on with it already
- "If you delay something that you were planning to do, then you leave the impression that your compass is different than what you led markets to believe," Jacob Frenkel, chairman of J.P. Morgan Chase International and former head of the Bank of Israel, said in an interview Thursday. Market drama is increased by delay, he added.
- "It's better for the U.S. to make a decision," Bambang Brodjonegoro, Indonesia's finance minister, said Wednesday in an interview in Jakarta. "What makes the financial markets volatile is the uncertainty."
- Raising rates would signal that the Fed is confident about the U.S. economy, Bank of Japan Governor Haruhiko Kuroda said Wednesday in New York, before the Fed gathering. "That is not only good for the U.S. economy, but also for the world economy, including the Japanese economy," he said.
Even actors are urging them on ...