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STORY: :: What to look for at the Fed's Jackson Hole symposium

:: Ann Saphir, Reuters Fed and economics reporter

Central bankers from around the world have flown into Jackson Hole, Wyoming, this week to attend what has become the globe's premier economic gathering, the Kansas City Federal Reserve's annual symposium in Grand Teton National Park.

The marquee event is Fed Chair Jerome Powell's speech Friday morning.

Investors hope he will give a clearer steer on whether he feels inflation has cooled enough to justify an interest rate cut next month, and if his worries about a rising unemployment rate could make that first reduction in borrowing costs a big one.

"The unemployment rate jumped to 4.3% last month," said Saphir. "Does he view this as a re-balancing, or does he view this as perhaps more weakness than really what he wants to see?"