At Jackson Hole, Central Bankers Eye Varying Goals

With the prospect of higher U.S. bond yields, some emerging markets went into a tailspin. Many economists say central banks have no choice but to pursue divergent interest-rate strategies now because of their economies' varying growth rates. Sung Won Sohn, an economics professor at California State University, Channel Islands, noted that the United States acted faster than others to boost growth with aggressive low-rate policies. Though U.S.

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