Published By:The Wall Street Journal
Activists in Jackson Hole Pressure Fed on Inflation, Endorse Yellen
JACKSON HOLE, Wyo.—The liberal Center for Popular Democracy’s Fed Up campaign has criticized Janet Yellen’s Federal Reserve in recent years for raising interest rates, lacking diversity in its senior ranks and retaining a quasi-private legal structure for its regional reserve banks.
Green-shirted Fed Up activists again have set up shop outside the central bank’s annual retreat in Grand Teton National Park. But this year, their critique of the Fed is paired with praise for Ms. Yellen and a demand that she remain the central bank’s chairwoman for another four-year term.