Global Market: European central bankers leave Jackson Hole uneasy over US policy shifts Agencies European central bankers worry over rising US policy uncertainty.
Synopsis European central bankers left the Jackson Hole symposium concerned that recent US Treasury interventions could strain long-standing norms of global financial cooperation.
Unannounced yen intervention, Treasury bond buybacks and uncertainty over Fed dollar swap lines have raised concerns about Washington’s growing role in global financial markets.
By Anupam Nagar, ETMarkets.com Aug 31, 2026, 02:59:00 PM IST Follow us 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.ADVERTISEMENT 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.More than half a dozen officials familiar with discussions on the sidelines of the Kansas City Federal Reserve's annual economic symposium said recent U.S.
Treasury interventions had heightened concerns among European policymakers.
In particular, the Treasury's intervention to support the Japanese yen and its efforts to reduce longer-term U.S. borrowing costs have raised questions about whether Washington may increasingly depart from established policy norms.
