According to Odaily, this year's Jackson Hole Central Bank meeting will focus on the theme of 'Reassessing the Effectiveness and Transmission of Monetary Policy.' The discussions will address the robust performance of the U.S. economy despite interest rate hikes exceeding 5 percentage points and its defiance of numerous recession forecasts. Compared to past interest rate cycles, the impact of monetary policy on the real economy may be less significant. This is partly due to the lingering effects of the low-interest-rate environment from 2009 to 2022 and structural changes in the economy. Millions of homeowners still hold 30-year mortgages with rates below 4%, and businesses have similarly taken advantage of ultra-low rates to refinance and extend loan terms before the rate hikes. In fact, many of the largest U.S. companies are net interest income earners.