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Why You Should Care About Jackson Hole
Central bankers, a group of largely independent technocrats, wield more power over the fates of politicians, investors and regular folk than ever before. In the absence of government action, they are bearing most of the burden of supporting economic recoveries in the U.S. and Europe. With their bond purchases and other unconventional policies, they have become a major force holding up financial markets around the world. Hence, when they gather for their annual meeting in Jackson Hole, Wyoming -- as they will starting Friday -- it's worth paying attention. I see at least three issues that they need to address, the ... (full story)
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