Get on a plane!
The Kansas City Fed’s annual shindig in Jackson Hole next week was looking like a pretty ho-hum affair. Sure, there was the will-they-won’t-they rate increase next month to chat about. But, once again, a Fed chair decided she had better things to do then go to a ski resort in August, and everyone already knows where Esther George stands on things.
But now: Whoa! What a party.
Global central bankers are preparing to converge this week for the Federal Reserve’s annual retreat in Jackson Hole, Wyo., with a new economic mess on their hands….
Ms. Yellen will not be attending this year’s Jackson Hole conference, but Vice Chairman Stanley Fischer is scheduled to deliver remarks there Saturday on inflation.