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Antoinette Schoar, an economist who teaches at the MIT Sloan School of Management, said the Fed should remain "above the fray." "Fed policy should not have anything to do with politics," said Schoar, who is also attending the Jackson Hole conference.

Another big issue related to increasing automation is the widening of the gap between the rich and the poor, said Norwegian economist Finn Kydland, who won the 2004 economics prize. The economic downturn has not affected all sectors, and the pandemic has hit people with low wages and low skills much harder than those earning high incomes, he said.

Another Chinese smartphone maker Oppo said market demand is not as pessimistic as many expected.

Another Indian climber Anjali Sharad Kulkarni died on Wednesday night due to altitude sickness at Camp IV of the Mt Qomolangma, Acharya said.

Another legal expert, Kathryn Watts at the University of Washington, said it's unclear where the case will lead. Trump's permit wades into "uncharted, unsettled" legal territory, she said.