Central bank adopts private sector communication style, marking a shift from orthodox predecessors while the chair addressed the symposium at Jackson Hole.
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Updated sep 8
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What happened
Central bank adopts private sector communication style, marking a shift from orthodox predecessors while the chair addressed the symposium at Jackson Hole.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Federal Reserve Bank and Brian Moynihan discussed past speakers' institutional affiliations during a recent financial symposium.Sub-event
- ECB Executive Board member Isabel Schnabel presented her case at the central bank symposium held in Jackson Hole.Sub-event
FED signals a shift in central bank communication style, departing from orthodox norms at Jackson Hole.1 source
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The entities involved
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FED
business
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Jerome Powell
president of the FED
- The FED leadership is under pressure from the administration, evidenced by the appointment of a new chair, amid ongoing criticism from Donald Trump and economic impacts from the Iran attacks.
- UBS upgraded Wynn Macau citing improved outlook, while Morgan Stanley projected strong GGR growth in the market.
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Jackson Hole
valley in Teton County, Wyoming, United States