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Jackson Hole Gives Yellen Stage to Keep 2016 Rate Rise on Radar
More than ever, the time is right for Janet Yellen to preserve her options. That’s why when the Federal Reserve chair speaks Friday in Jackson Hole, Wyoming, any description she offers of the U.S. economy will probably be crafted to keep an interest-rate rise on the table for the central bank’s policy meeting next month -- without committing it to act. Either way, September will be important for many of the world’s central bankers gathering at their annual mountain retreat this week, as near zero or negative policy rates struggle to lift global growth. The Bank of Japan is due to conclude a policy review and ... (full story)