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Friday, August 26, 2016

World financial leaders are meeting in Jackson Hole

The annual shin-dig with the world's central bankers kicked off to a start on Thursday. Since the 2008-2009 financial ruckus, the central bankers have become more powerful with more direct influence, through quantitative easing, on the real economy. Over the past several years, the US dollar and the equity markets have paid closer and closer attention to what the Fed says, does, and forecasts, and have responded in kind.

https://www.theguardian.com/commentisfree/2016/aug/25/the-guardian-view-on-central-bankers-growing-power-and-limited-success