CPD In The News

The comments, uncoordinated but generally consistent, suggested that some investors and analysts had been too quick to discount a September rate increase, particularly as global markets finished the week on a relatively quiet note on Friday.

Dustin Moskovitz and his wife, Cari Tuna, have become billionaires since he started the behemoth social networking site with his former Harvard University roommate Mark Zuckerberg. (Moskovitz left the company in 2008 to found Asana, which streamlines task management).

Lemlem Berhe is one of a handful of activists from the Dallas-Fort Worth area visiting Jackson Hole, Wyo., in hopes of getting their message heard. That message: Raising interest rates now would stunt wage growth and hurt working families and communities of color.

Also getting under way at the lodge is a protest conference organized by the Center for Popular Democracy, a liberal group that has been cajoling the Fed to hold off on raising interest rates.

At least two groups—one on the right and one from the left—are expected to show up in some fashion to press the Fed to change its policies.

The Federal Reserve has kept its main interest rates, which banks use to lend to one another and determine the cost of credit throughout the rest of the economy, at or near zero since December 2008.

In the center ring, Federal Reserve brass will be gathering for the closed-door conference that is hosted annually by the Kansas City Fed. Janet Yellen is skipping the event, as chairs of the board of governors occasionally do. The town, though, will be full of her critics.

People in green shirts stating “Let Our Wages Grow” and “Who’s Recovery?” are all over the main lobby and outdoor areas of the lodge.