Central bankers have many issues to keep them busy at Jackson Hole meeting
Investors will be looking for clarity on several issues, from the likely path of interest rates and balance sheet policy to the Fed chair’s take on emerging-market turmoil
Washington/Frankfurt — Summer break for central bankers ends this week when their leaders gather on Friday and Saturday for the Federal Reserve’s annual policy symposium in Jackson Hole, Wyoming. With Fed chair Jerome Powell set to deliver a Friday morning speech, investors will be looking for clarity on several issues, from the likely path of interest rates and balance sheet policy to Powell’s take on emerging-market turmoil. The Kansas City Fed, which hosts the symposium, will release the schedule of speakers and list of participants on Thursday at 8pm New York time. The conference’s official theme is the economic impact of superstar firms like Amazon.com. The Fed is widely expected to hike rates for a third time in 2018 in September, but a fourth move in December is less certain. It is also unclear how far officials will go before at least pausing in their gradual upward march. Powell added haze to the picture in July when he told US legislators that gradual rate hikes were appro...
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