The Fed chair will deliver a well-received speech in Jackson Hole on Friday.
(Foto: Bloomberg)
New York, Frankfurt Rarely have the expectations of the leading monetary politicians been as high as this year. At the weekend, central bankers and economists from all over the world meet in Jackson Hole, high up in the mountains of the US state of Wyoming. In a tourist resort in a beautiful landscape, they discuss monetary policy and sometimes give signals outside.
However, the head of the European Central Bank (ECB), Christine Lagarde, does not travel, but the German director Isabel Schnabel, who often takes on an important part of the external communication anyway.
Jerome Powell, the head of the US Federal Reserve (Fed), will give the grand opening speech. A heavy responsibility rests on him. He needs to regain control of his monetary policy expectations, which have repeatedly threatened to slip out of control in recent months.
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