Jackson Hole gives Yellen stage to keep 2016 rate rise on the radar

Global central bankers meet at mountain resort as growth lags

Fed chair Janet Yellen

More than ever, the time is right for Janet Yellen to preserve her options.

That’s why when the Federal Reserve chair speaks on Friday in Jackson Hole, Wyoming, any description she offers of the US economy will probably be crafted to keep aninterest-rate rise on the table for the central bank’s policy meeting next month – without committing it to act.

Either way,September will be important for many of the world’s central bankers ...