European Central Bankers Express Concerns Over U.S. Relations and Treasury Interventions at Jackson Hole

European central bankers attending the annual Jackson Hole Economic Policy Symposium have voiced apprehension regarding the stability of global cooperation norms and anticipate further turbulence in their relationship with Washington. Concerns were particularly raised over recent U.S. Treasury interventions, including actions to support the Japanese yen and efforts to reduce longer-term U.S. borrowing costs, which are seen as potentially foreshadowing more interventions and deviations from established norms.