Tapering Conversation Heating Up, Powell’s Prospects

The Jackson Hole summit has become one of the most important economic summits in the world. Many expect that this hallowed event with humble origins may be the long-anticipated venue for the Fed to communicate their monetary policy plans to the American people. In 1982, the nascent event was chosen to be put in the then very remote town of Jackson Hole, Wyoming because of a unique vulnerability its organizers attempted to exploit to ensure Federal Reserve Chairman Paul Volcker’s attendance; h...

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