HSBC's Logan Says Global Conditions Drive U.S. Inflation

The video discusses the challenges faced by the Federal Reserve in managing US inflation and unemployment rates, highlighting the role of global economic conditions. It explores the concept of NAIRU and the potential need for international coordination among central banks, especially in light of upcoming discussions at the Jackson Hole conference.

What is the significance of the NAIRU in relation to the Fed's conundrum?

How does global supply affect US inflation according to the text?

In what way does the text suggest that the US unemployment rate is not the sole indicator of inflation?

What are the central bankers expected to discuss at the Jackson Hole meeting?

What argument is presented regarding the coordination of central banks across countries?