The annual Jackson Hole conference hosted by the Kansas City Fed kicks off in Wyoming today, with the main event for markets coming tomorrow when both Fed Chair Janet Yellen and European Central Bank President Mario Draghi are due to speak. While this year’s theme is “Fostering a Dynamic Global Economy,” the big question for global monetary policy makers remains the lack of global inflation despite falling unemployment and rising growth. Draghi’s address will be particularly closely watched as the ECB is due to discuss the future of its monetary policy at its September meeting amid persistently low inflation and a strengthening currency.
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