Central bankers to fish for compliments at virtual Jackson Hole summit

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Covid-19 puts paid to prime US angling venue but markets will monitor Andrew Bailey and co

When Andrew Bailey delivers his keynote address to fellow central bankers later this week he will have to imagine he is in a Wyoming ski resort rather than his office in London’s Threadneedle Street. Jerome Powell, the chairman of the US Federal Reserve, will not need to fly 2,000 miles west from Washington DC to provide his views about inflation.

This is the new-look Jackson Hole, the annual conclave of monetary policymakers and economists that gets under way on Thursday and that since 1982 has taken place in a ski resort in the Grand Tetons. Davos for central bankers is a virtual affair this year.

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