It will open on Thursday, August 24 at Jackson Hole, a small town of 10 thousand inhabitants in Wyoming, the traditional meeting of central bankers from all over the world. The eagerly awaited conference, now in its 35th edition, will end on Saturday, but the most awaited interventions will be on Friday, when Janet will speak Yellen, chairman of the Federal Reserve, and Mario Draghi, number one of the ECB.
It could be the last chance to see together the two standard bearers of the challenge to the great economic crisis of recent years. Indeed, Yellen's mandate expires at the beginning of next year, and it is not yet clear whether Donald Trump will opt for his reappointment.
On Friday, at 16 pm Italian time, the president of the will open its doors Fed, who will speak at the opening of the meeting on the topic of financial stability. Yellen will also touch on other topics such as risks relating to the labor market and the slowdown of the restrictive monetary policy on the inflation rate. Surely President Trump's speeches in the last few hours on the Wall with Mexico and on a probable interruption of the agreements of Naphthacomplicate the Fed Chairman's job.
Yellen should also send a strong signal about the Fed's intention to start the process budget reduction, exploded to 4500 trillion dollars.
On Friday evening, at 21, Mario Draghi will take the floor. Last year, the president of the ECB sent his trusted Benoit Coeurè, a member of the Executive Committee, to Jackson Hole. This year however Draghi will be there. His eyes are on the European Central Bank.
It will be difficult to deal with the topic of tapering, the exit from Quantitative easing. On the other hand, interesting ideas related to the recent one could emerge overvaluation of the euro which, according to the ECB, makes efforts to reinvigorate the inflation rate in vain.
