The Economist: “The Fed's have-it-both-ways policy”

R.A., regarding Bernanke’s Jackson Hole speech, your column notes that you “found the tone on monetary policy to be confusing and timid.” Expectations now turn to what President Obama will say next week and what the Fed will do (or not do) when they next meet. Uncertainty again prevails.

Alexander Mirtchev

Securing global economic security

Inflation is a significant factor of global economic security and has the innate capacity to upend carefully laid plans

Sir, Further to the article by Sam Fleming, “Incomes will plummet as inflation soars, report claims” (May 3), I agree that the erosion of earnings by inflation should move higher on the economic agenda.

Alexander Mirtchev

PepsiCo's Indra Nooyi focused on retention, not succession

NEW YORK: With the lackluster performance of PepsiCo under her leadership, chief executive officer Indra Nooyi clearly faces pressure to perform. So it's natural to smell a succession race brewing with the company's March 12 announcement of a new global structure and the hiring of Wal-Mart Stores executive Brian Cornell.