"If The Fool persists in his Folly he will become wise." - William Blake
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Big Questions on Global Economy Hang Over Jackson Hole Gathering
Summer break for central bankers ends this week when their leaders gather Friday and Saturday for the Federal Reserve’s annual policy symposium in Jackson Hole, Wyoming. With Fed Chairman Jerome Powell set to deliver a Friday morning speech, investors will be looking for clarity on a host of issues, ranging 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 Thursday at 8 p.m. New York time. The conference’s official theme is the economic impact ... (full story)