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Fed Camp. The Kansas City Fed’s annual monetary policy symposium in Jackson Hole, Wyoming is attended by central bankers from around the world. For U.S. investors, the focus will be on Bernanke’s speech on Friday (August 26). Many market participants are hoping for a repeat of last year, when the Fed Chairman signaled the possibility of a second round of asset purchases (what most people call “QE2”). However, while the August 9 Federal Open Market Committee indicated that its members were discussing a range of policy tools to promote growth, the FOMC is unlikely to pull the trigger on another round of asset purchases anytime soon. The main reason for that reluctance is the inflation backdrop.