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The stakes are high for Powell at Jackson Hole

Mohamed A. El-Erian for Bloomberg Opinion
Mohamed A. El-Erian for Bloomberg Opinion • 5 min read
The stakes are high for Powell at Jackson Hole
Jerome Powell (right) at the 2023 Jackson Hole economic symposium. It is critical for Powell to take advantage of the golden opportunity he has this Friday to regain control of the economic and policy narrative, says Mohamed A. El-Erian. Photo: Bloomberg
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Welcome to Jackson Hole week. It’s a week in which Wyoming, better known for its spectacular landscapes, becomes the center of the policy world as it hosts a large group of central bankers, academics and media.

The gathering, organised by the Federal Reserve Bank of Kansas City, discusses recent economic and financial developments, policy issues and the implications for central banks. 

The session that inevitably attracts the most attention is when the chair of the Federal Reserve, the world’s most powerful central bank, takes to the stage on Friday morning to share views on issues of their choosing.

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