Economics
Jackson Hole Conference Goes Virtual as the World Passes ‘Peak Central Banking’
- Fed’s prestigious annual fixture pushed online by coronavirus
- Powell to speak Thursday on long-awaited Fed framework review
This article is for subscribers only.
After convening every August since 1982 at the edge of Wyoming’s magnificent Teton mountain range, monetary policy makers will hold a virtual Jackson Hole conference this week that will look pale by comparison. The same could probably be said of the central banks themselves.
Yes, the Federal Reserve and other monetary authorities have gone to unprecedented lengths to combat the Covid-19 crisis, flooding the global economy with trillions of dollars in liquidity and credit, and in the process have become a towering presence in the financial markets.