Given that her term expires in February 2018 and President Donald Trump has been less than complimentary on occasions about her tenure, this could very well be her last address

Yellen faces a similar set of circumstances to former Federal Reserve Chairman Alan Greenspan when he spoke at Jackson Hole in 1999.

High stock prices and low unemployment suggest that the Federal Reserve should continue its hiking cycle, or even pick up the pace of its monetary policy normalisation, yet sluggish inflation growth seems to call for additional stimulus measures.

According to Ethan Harris, Bank of America Corp. head of global economic research, "tightening wins by a vote of two to one", although the futures market disagrees.