After several decades in which economic technocrats enjoyed a large degree of autonomy, they are now under intense pressure ...

At 4:00 p.m. ET (20:00 GMT), the Dow Jones Industrial Average rose 846 points or 1.9% to hit a fresh record close of 45,631.74. the S&P 500 index gained 1.6%, and the NASDAQ Composite climbed 2%.

The Jackson Hole conference was overshadowed by President Trump's attacks on the Federal Reserve, raising concerns about its ...