The world will closely watch the commentary from central bankers this week as they meet for their annual policy summit in Jackson Hole, Wyoming. As global economic growth continues to move along at a solid pace, central bankers are paying more attention to the dynamics of a changing economic landscape.
This year’s symposium is titled, “Changing Market Structure and the Implications for Monetary Policy.” The growing use of tariffs and restrictive trade policies are beginning to change the underlying dynamics for economic trade. This new reality, coupled with a growing wealth gap, has central banks analyzing the impact of future monetary policy.
On Friday, Federal Reserve Chair Jerome Powell is scheduled to give a speech titled “Monetary Policy in a Changing Economy.” I don’t expect much commentary on current monetary policy, but the topics discussed could shed light on implications of future policy decisions given changing global trade dynamics.
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