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The stage is set (or bedroom and bookshelf) for the Fed Chair’s keynote speech at the annual Jackson Hole pow-wow for central bankers, which is scheduled for 14.10 London time. This (virtual) conference is notoriously one of the potential policy-defining events of the year and 2020 may well be no different, even if the market is somewhat exhausted by the alphabet soup of measures announced during the Covid-19 crisis.In fact that soup remains on the menu with AIT (Average Inflation Targeting), YCC (Yield Curve Control) and MMT (Modern Monetary Theory) all mooted as policy levers... Read More
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