, Columnist
As Fed Meets, Two Lessons from 30 Years at Jackson Hole: Echoes
This article is for subscribers only.
The world’s financial leaders are again on their way to Jackson Hole, Wyoming, for what will be the 30th annual monetary-policy symposium in the Grand Teton Mountains. Anticipations are running high that Federal Reserve Chairman Ben S. Bernanke will say something in the opening address to move markets, like he did last year.
Some even attribute a stock-market rally this week to rumors that he will hint at new interventions, like a third round of “quantitative easing” or an “Operation Twist” to lengthen the maturity of the Fed’s Treasury portfolio.