What central bankers said about Donald Trump and Amazon at the Jackson Hole meeting
Jackson Hole — The future of US interest rates, pressure from President Donald Trump, and the economic impact of superstar firms like Amazon.com were among the topics that enjoyed fierce debate at the 2018 gathering of central bankers in Jackson Hole, Wyoming. Here is a rundown of what was learnt at the Kansas City Fed’s annual symposium in the shadow of the Grand Teton mountain: • Fed on track for September Fed chair Jerome Powell cemented the expectation for another rate increase in September and kept the chances for another shift in December firmly above 60%. Speaking on Friday, he said there was "good reason" to expect the US economy to sustain its recent strength and that the "gradual process of normalisation remains appropriate". In interviews with Bloomberg Television, Kansas City Fed president Esther George and Robert Kaplan, president of the Dallas Fed, backed two more rate increases in 2018. Bloomberg Economics still contends that tighter financial conditions will push the...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.