The Grand Tetons rise above the clouds in Grand Teton National Park where financial leaders from around the world are gathering for the Jackson Hole Economic Symposium, outside Jackson, Wyoming, U.S., August 25, 2022.
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How should central banks coordinate when their economies are headed in opposite directions?
Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, DC, US, on Thursday, June 22, 2023. Powell yesterday said policymakers expect interest rates will need to move higher to reduce US growth and contain price pressures, even though they held rates steady at their meeting last week. Photographer: Nathan Howard/Bloomberg
Nathan Howard/Bloomberg/Getty Images
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CHICAGO, ILLINOIS - AUGUST 09: Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Despite inflation starting to settle, food inflation continues to climb in the double digits in many counties. (Photo by Scott Olson/Getty Images)
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A man pushes a shopping cart outside a supermarket in Gelsenkirchen, Germany, Wednesday, May 31, 2023.
Martin Meissner/AP
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US President Joe Biden (R) and China's President Xi Jinping (L) meet on the sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali on November 14, 2022.
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ANKARA, TURKEY - JULY 28: Central Bank of the Republic of Turkey (CBRT) Building and entrance on July 28, 2023 in Ankara, Turkey. (Photo by Yavuz Ozden/ dia images via Getty Images)
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A general top view of the skyline from Lujiazui and the Huangpu River in Shanghai, China is being captured on August 7, 2023.
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MIAMI, FLORIDA - MAY 05: A 'Now Hiring' sign posted outside of a restaurant looking to hire workers on May 05, 2023 in Miami, Florida. A report by the Bureau of Labor Statistics showed the US economy added 253,000 jobs in April. (Photo by Joe Raedle/Getty Images)
Joe Raedle/Getty Images
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People walk in the main shopping street 'Zeil' in central Frankfurt, Germany, Saturday, Aug. 5, 2023. (AP Photo/Michael Probst)
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Gina Raimondo, U.S. secretary of commerce, at a news conference during the US-EU Trade and Technology Council meeting in College Park, Maryland, US, on Monday, Dec. 5, 2022. The US and the European Union aim to work together to counter what they call non-market policies, including in China, according to a draft statement ahead of the high-level talks taking place today. Photographer: Ting Shen/Bloomberg via Getty Images
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England, London, Westminster, Whitehall, HM Treasury Building at the Corner of Parliament Square and Parliament Street. (Photo by: Steve Vidler/Prisma by Dukas/Universal Images Group via Getty Images)
Steve Vidler/Prisma by Dukas/Universal Images Group via Getty Images
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A general view shows traffic during evening rush hour at the central business district (CBD) in Beijing, China, January 15, 2021. Picture taken January 15, 2021.
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The U.S. Capitol Building is seen in Washington, U.S., August 15, 2023.
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Highlights

U.S. Federal Reserve Board Chairman Jerome Powell arrives to a news conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 26, 2023.
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The next phase of the Fed’s historic inflation fight is waiting for rate cuts
People select shoes in a shopping mall in Beijing on June 15, 2023. (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images)
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A customer places their payment card on to a machine at a market in Oxford, UK, on Wednesday, July 19, 2023. Britain's inflation rate cooled more than expected to the lowest level in more than a year, a sign that soaring interest rates may be starting to curtail the worst wage-price spiral in the Group of Seven nations.
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The Zhongrong International Trust Co. offices in Beijing, China, on Monday, Aug. 14, 2023.
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The Grand Tetons rise above the clouds in Grand Teton National Park where financial leaders from around the world are gathering for the Jackson Hole Economic Symposium, outside Jackson, Wyoming, U.S., August 25, 2022.
Jim Urquhart/Reuters
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ANKARA, TURKEY - JULY 28: Central Bank of the Republic of Turkey (CBRT) Building and entrance on July 28, 2023 in Ankara, Turkey. (Photo by Yavuz Ozden/ dia images via Getty Images)
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