The annual Jackson Hole Economic Symposium takes place later this week. It will attract policymakers from around the world and feature highly anticipated remarks from Federal Reserve Chair Jerome Powell.

Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation.

President Donald Trump is calling on a Federal Reserve governor to resign over an accusation of mortgage fraud.

“The White House has been aggressively pushing Dr. Miran’s nomination to the Federal Reserve Board, setting the stage for his quick confirmation when the Senate returns in September,” said a White House official Tuesday. “With the President’s strong backing, there’s clear momentum to get this done.”

U.S. stock indexes are edging lower on Thursday as Wall Street makes its final moves before the head of the Federal Reserve gives a highly anticipated speech on Friday that could hint at where interest rates are going.

And Wall Street analysts are worrying that we may be looking at the end of independent monetary policy. To say that U.S. Federal Reserve Chairman Jerome Powell’s Jackson Hole speech will be “closely watched” tomorrow is an understatement.

Wall Street is rallying on Friday after the head of the Federal Reserve indicated cuts to interest rates may be coming in a highly anticipated speech, though he gave no clear clue about when.