Central bankers from around the world will attend, and investors are likely to hang on every word they utter. But chief among them all is Jerome Powell's speech on Friday - his last one at the annual gathering as Fed chairman.
Like his predecessors, he's likely to use the opportunity to guide how his tenure is recorded in the history books, particularly considering how harshly he's been attacked by President Donald Trump for refraining from rate cuts this year.
What investors are waiting to hear though are any hints for a September cut, and they ramped up bets for easing on the back of a surprisingly soft payrolls report earlier this month.
The inflation picture remains hard to read though, with recent consumer price data showing little impact from Trump's aggressive tariffs, but hotter-than-expected producer prices suggesting higher costs could seep into sticker prices in coming months.
Market-implied odds of a quarter-point cut on September 17 currently stand at 80%, down from 84% a day ago. That's after Fed minutes from last month's gathering suggested Fed Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller were the only ones pushing for a rate cut at the meeting.
The other reason the Fed is so much in focus is Trump's growing influence over the direction of monetary policy.
The U.S. President's latest target is Fed Governor Lisa Cook, demanding her resignation over allegations made by one of his political allies about mortgages she holds in Michigan and Georgia.
If Trump were to oust Cook, that would add to his picks on the Fed's board, with Council of Economic Advisers Chair Stephen Miran set to replace Adriana Kugler following her surprise resignation.
Bowman and Waller, of course, are both Trump appointees. And Trump could end up with four of the board's seven members supporting his demands for lower rates.
Earlier this year, Trump's threats to fire Powell before his term as governor ends in May of next year unsettled investors, driving big declines in the dollar.
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