Everything you need to know about the Fed’s Jackson Hole conference

Each year, the symposium focuses on a pressing economic issue, providing a platform for key figures to discuss and debate potential economic policy changes. Bank of review of alpari forex broker America Securities analysts noted central bankers’ presence is significant because the Federal Reserve’s policy committee does not have meetings in August. ​The Jackson Hole Economic Symposium, known generally as just ‘Jackson Hole’, is an annual conference of global central bankers.

Decoding financial forecasts and projections

Central bankers discuss and debate various aspects of monetary policy, including interest rates, money supply, and inflation targeting. The symposium is closely watched because it has tended to set the agenda for monetary policy in the current environment. Two previous Fed Chairs, Ben Bernanke and Alan Greenspan, used Jackson Hole to signal major policy shifts. The main objective of the Jackson Hole Economic Policy Symposium is to create a platform for open discussion of current economic issues. Participants come to discuss economic issues, implications, and policy options pertaining to the topic of that year’s conference (examples of past years’ topics are included below). Participants include prominent central bankers and finance ministers, as well as academic leaders and principal financial market players from around the world.

Why Jackson Hole Symposium matters to global markets

• The Fed used its most recent meeting to keep policy unchanged, but Jerome Powell opened the door to a rate cut in September due to the slowing of price pressures in the US and signs of labour market weakness.
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• Initially, central banks around the world implemented highly accommodative policies to counter the economic impact of the pandemic.
• The Jackson Hole Symposium is an economist’s version of a Taylor Swift concert.
• Topics may include monetary policy, fiscal policy, international trade, financial regulation, and more.

Stay on top of upcoming market-moving events with our customisable economic calendar. ​Janet Yellen, now US Treasury Secretary, used her 2016 address as Fed chair to prepare the market for more rate hikes, which began in December 2016 and continued until 2018. Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. There is something unique about the beauty of the setting and the repetition of seeing many of the same people, in the same place, year after year. Known for its beauty and wildlife, the area comprises ski slopes, a national park and natural hot springs, making it a major tourist attraction. The 2024 symposium, now in its 47th year, will concentrate on the theme “Reassessing the Effectiveness and Transmission of Monetary Policy.”

What Is the Jackson Hole Economic Policy Symposium?

To foster the open discussion that the symposium is known for, attendees are selected based on each year’s topic. This year, participants are particularly focused on getting further confirmation of a the 7 best investments to make in 2020 possible rate cut by the US Fed in September. A hawkish tone, indicating a focus on controlling inflation, may trigger a sell-off in equities and bonds.

About the Jackson Hole Economic Policy Symposium

​If they succeed in pulling off this trick, communicating their expectations of rate cuts without suggesting a recession is more likely, then we may see stocks continue their recent strong performance. All symposium participants, including members of the press, pay a fee to attend. With mixed signs on the US economy, the judgment call on when to ease and by how much becomes all the more challenging, which is reflected in futures markets in the run-up to Jackson Hole. This surprising resilience in growth during such times prompts a re-evaluation of how monetary policy is transmitted and what can be learned from this remarkable period.

The Jackson Hole Economic Policy Symposium is significant for several reasons. Firstly, it provides a platform for policymakers to exchange ideas and perspectives on key economic issues. This can help to inform decision-making and shape policy at both the national and international levels.

Jackson Hole Economic Symposium Definition and Why Is It Important

• It is hosted by the Federal Reserve Bank of Kansas City and brings together central bankers, policymakers, academics, and economists to discuss important economic issues facing the global economy.
• Even though only around 120 people attend every year, the publicly-released papers and speeches along with media engagements by policymakers have turned the symposium into a landmark event for Fed waters and investors.
• From the travel and tourism industry to the manufacturing and retail sectors, the symposium delves into the nuanced effects of the global health crisis.
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• The Jackson Hole Symposium is known for its influence on global financial markets.
• The Jackson Hole Economic Policy Symposium is an annual symposium held in Jackson Hole, Wyoming, sponsored by the Federal Reserve Bank of Kansas City.
• The Jackson Hole Economic Policy Symposium is significant for several reasons.

Former Chair Ben Bernanke skipped the event in 2013, while his successor, Janet Yellen, passed over the 2015 conference. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. ​This year’s topic is ‘Reassessing the Effectiveness and Transmission of Monetary Policy’. View a External Linkhistorical timeline of the event, eurczk euro vs czech republic koruna eur czk top correlation which spans more than four decades. The full history of the Jackson Hole Economic Symposium is detailed in the book “External LinkIn Late August,” free to download External Linkhere. View a timeline highlighting important moment’s in the Jackson Hole Economic Symposium’s history.