Fetishizing Jackson Hole

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Since the Jackson Hole shindig is this week, I thought I’d brush off the Event Markers feature and see how the past few years have been with respect to this big speech. Folks assume that, oh boy, things will be so great once Powell gets up to the microphone. Don’t be so sure. Below each vertical line marks Jackson Hole and, umm, it isn’t exactly a straight line up from there.