Federal Reserve’s Jackson Hole Retreat Starts This Week—Setting the Stage for a Rate Cut

Published on August 21, 2024

The Jackson Hole Economic Symposium—an annual event of bankers, economists, and monetary policymakers—convenes this week for a three-day gathering from Aug. 22 to Aug. 24 in Jackson Hole, Wyoming. The monetary festivities could set the stage for the Fed loosening policy and laying the groundwork for a September interest rate cut. The theme for this year’s episode, hosted by the Kansas City Fed, will be “Reassessing the Effectiveness and Transmission of Monetary Policy.” Officials are anticipated to concentrate on unwinding the Fed’s restrictive monetary policy stance of the last two-plus years, with the institution shifting from inflation-data-dependent to labor-data-dependent....

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New Jersey Rep. Bill Pascrell Dies at 87

August 21, 2024
Rep. Bill Pascrell (D-N.J.), a longtime congressman from New Jersey, died at age 87 on Wednesday, Aug. 21.His office announced his death at about noon EDT on the social media platform X.“As our United States Representative, Bill fought to his last breath to return to the job he cherished and to the people he loved,” the statement said. “Bill lived his entire life in Paterson and had an unwavering

China Restricts Trade Data on Overseas Fund Flows

August 21, 2024
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