Fed Chair Jerome Powell gives his final speech in Jackson Hole as a debate over inflation and interest rate cuts rages on.

Central bankers from around the world are gathering in Jackson Hole, Wyoming, this week. Not for sightseeing or fly fishing, but for the Federal Reserve’s annual Economic Policy Symposium. Fed chair Jay Powell is set to speak Friday and analysts will be paying extra attention to his comments on the labor market — especially after that weak July jobs report we saw a few weeks ago.

If inflation starts climbing again after a rate cut, “the Fed will have to reverse course — and in the worst case, start hiking again,” Slok said.