Jackson Hole predictions: Tapering without the tantrum

The predictions come ahead of the annual central banking symposium at Jackson Hole, which has come to achieve legendary status largely through the speeches of former Federal Reserve chair Ben Bernanke, whose speeches between 2007-12 came at key moments. Tomorrow (27 August), current Fed chair Jerome Powell is set to take to the stage, with most of the industry anticipating some hint towards the tapering of the central bank's coronavirus-related quantitative easing. John Vail, chief global strategist at Nikko Asset Management, suggested the Fed has already "successfully prevented a tap...