The Jackson Hole Economic Symposium Starts This Week Here’s What You Need to Know

The attendees represent a diverse mix of regions and sectors, ensuring a broad spectrum of perspectives on the symposium’s chosen topic. A major and ongoing consideration for central bankers is staying ahead of inflation by setting interest rates to prevent disruptive rapid price increases; however, these days, preventing inflation isn’t as simple as it used to be. The global economy is awash in liquidity, normally an ignition source for inflation, as more money chases the same quantity of goods, leading to ever-higher prices.

Inflation: Progress and the Path Ahead

But we cannot identify with certainty the neutral rate of interest, and thus there is always uncertainty about the precise level tradeview markets service review of monetary policy restraint. The Federal Reserve Bank of Kansas City hosts dozens of central bankers, policymakers, academics and economists from around the world at its annual economic policy symposium in Jackson Hole, Wyoming. This year, the Federal Reserve Bank of Kansas City is commemorating 45 years of the Jackson Hole Economic Symposium. Each year since 1978, the Bank has invited prominent central bankers, finance ministers, academics, and financial market participants from around the world to the symposium in Jackson Hole, Wyo. The mission of the event is to discuss an important economic issue facing the U.S. and world economies. The OutlookTurning to the outlook, although further unwinding of pandemic-related distortions should continue to put some downward pressure on inflation, restrictive monetary policy will likely play an increasingly important role.

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This material may contain data, links or other content from third-parties. Although Facet only provides information from sources it believes to be accurate, third party content is not guaranteed as to its accuracy or completeness. Any hyperlinks provided are intended as additional perspectives, should not be construed as an endorsement and may contain a separate privacy policy. Looking into 2023, we think the most likely scenario is that the Fed will keep interest rates approximately this high for several months.

1. We will need price stability to achieve a sustained period of strong labor market conditions that benefit all.
2. Stocks recovered some of their losses Tuesday afternoon after initially falling as investors reviewed Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole economic summit.
3. There, top economists from across the globe rub shoulders with one another and mingle with reporters and investors hungry for clues about their economic outlooks.
4. As the pandemic and its effects have waned, production and inventories have grown, and supply has improved.
5. The attendees represent a diverse mix of regions and sectors, ensuring a broad spectrum of perspectives on the symposium’s chosen topic.
6. “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective,” Powell said Friday morning.

About the Jackson Hole Economic Policy Symposium

Rather, they expect him to largely echo his remarks delivered in a press conference following the Fed’s last meeting in July with a few updates. As a result, central bankers have turned their attention to the jobs side of their dual mandate. The Federal Reserve is widely expected to cut its interest rates at its next meeting in September. Volcker’s appearance started a trend, with central bankers and economists from around the world regularly attending the annual conference. When Fed Chair Alan Greenspan spoke at the 1989 event, it cemented the tradition of regular participation from the chair of the Federal Reserve. Topics that were discussed included structural changes in the financial markets and the conduct of monetary policy and structural constraints on growth.

View a External Linkhistorical timeline of the event, 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. Each year why nikola stock fell today since 1978, the Federal Reserve Bank of Kansas City has sponsored a symposium on an important economic issue facing…

Each year, the event provides a venue for international central bankers, Federal Reserve officials, other policymakers and academics to discuss issues of mutual concern. Visit kansascityfed.org to read more about the symposium’s decades-long history. The event is held at vacation destination Jackson Lake Lodge in Grand Teton National Park, in Wyoming’s Teton County.2 during late August. In the wake of the global financial crisis, central banks worldwide used a variety of tactics to resuscitate their countries’ economies. From there, if inflation shows a clear and persistent downward trend over the next 9-12 months, that might be enough for Powell’s “sustained anyone uses autochartist from oanda progress” test.

To foster the open discussion that the symposium is known for, attendees are selected based on each year’s topic with consideration for diversity in region, background, and industry. In a typical year, about 120 people attend consisting of the following groups. Research explores how immigrant women, particularly those with a bachelor’s degree, have impacted the labor force. Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia.