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The fashion world has the annual Met Gala.

The movies have the Oscars.

Central Banking has the annual gathering in Jackson Hole, Wyoming.

From Marketplace, I'm Novosafo in for David Brancaccio. That gathering in Jackson Hole, Wyoming. From Marketplace, I'm Novosafo in for David Brancaccio.

That gathering in Jackson Hole is on now,

and Federal Reserve Chair Jerome Powell is scheduled to make his final appearance as chair,

delivering a speech in front of economists and central bankers from around the world.

As always, we'll be listening for hints on the direction of interest rates,

especially amid a White House pressure campaign to lower them. But there's another issue looming over

Powell's speech, the Fed's framework for setting policies to keep inflation in check and the job

market healthy. Marketplaces Nancy Marshall-Genzor has more on that framework and how it might change.

Every five years, the Fed makes a plan, just like Stalinist countries used to do.

...