European central bankers left the annual Jackson Hole gathering of global policymakers with concerns that established norms of international financial cooperation could face increasing strain, as uncertainty grows over the relationship between the United States and its allies, Reuters reported.
Federal Reserve policymakers sought to reassure their European counterparts during the gathering, emphasising their commitment to existing international arrangements. However, Fed officials could not provide assurances that U.S. President Donald Trump would not introduce abrupt policy changes, given the separation between the central bank and the administration.
