What will Jackson Hole bring?

The annual Jackson Hole central banking swingers party is later this week. Via FT:

Several Fed officials have already expressed a willingness to allow inflation to run above the central bank’s 2 per cent target to make up for prolonged periods of undershooting.

In Europe, investors will be looking for any clues about the likely next steps of the European Central Bank when its chief economist Philip Lane speaks about its monetary policy and the outlook for the eurozone economy.

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