Federal Reserve Reality Intrudes

Ash Hermanowski, the food access and operations manager of the Jackson Cupboard, poses for a portrait on Wednesday, Aug. 24, 2022, in Jackson Hole, Wyo. Hermanowksi hands out meals from a commercial garage downtown after the nonprofit was forced out of a previous location by a malfunctioning sprinkler. As the Federal Reserve’s annual Jackson Hole economic symposium gets under way Thursday, some of the very problem federal officials are grappling with – high inflation, soaring home prices, and stark financial inequality – are all too visible in the idyllic mountain setting where the economic conference takes place.

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