Fed's Jackson Hole Symposium: What you need to know
August 26, 2021
What to expect from Jackson Hole meeting
Oxbow Advisors managing partner Ted Oakley argues Federal Reserve Chairman Jerome Powell won’t make ‘drastic’ moves during the Jackson Hole meeting.
The Federal Reserve Bank of Kansas City will hold its 45th annual Economic Policy Symposium virtually this year, as opposed to in its traditional Jackson Hole setting in Wyoming. The event will kick off on Friday, Aug. 27.
The Federal Reserve Bank of Kansas City has sponsored the symposium for more than three decades, focusing on important economic issues facing the U.S. and world economies.
FOX Business takes a deep dive into one of the most anticipated wonk fests of the year.
THE WONK ELITE AND A PANDEMIC RECOVERY
The forum brings together central bankers, private economists, policymakers, academics, government officials and news media to discuss common issues and challenges relevant to today’s current market and political climate.
Important areas of discussion include monetary policy, agriculture, public policy and financial stability in global economies.
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As the world continuously faces issues surrounding the coronavirus pandemic and the new delta variant, national security and defense, severe droughts, and agriculture supply issues, the Jackson Hole Symposium is even more relevant today than the founders could have ever imagined.
FED CHAIR POWELL’S SPEECH
Federal Reserve Chairman Jerome Powell will give what may be one the most anticipated speeches of his career, as he is expected to provide important clues on when policymakers will begin to dial back monetary policy stimulus, also known as "tapering."
Powell’s remarks will be livestreamed at 10 a.m. EDT via the Kansas City Fed’s YouTube channel at External Linkwww.youtube.com/KansasCityFed. Invited attendees will participate in an online academic symposium following the speech.
This year's symposium is taking place at a time the S&P 500 and Nasdaq Composite are sitting at record highs, with the Dow Jones Industrial Average just shy of its own record mark.
DOW JONES AVERAGES
NASDAQ COMPOSITE INDEX
THE KANSAS CITY FEDERAL RESERVE BANK HOSTS
The president and CEO of the Federal Reserve of Kansas City, Esther L. George, oversees a workforce of over 2,000 employees who deal with these policy issues on a daily basis.
The Kansas City Reserve oversees seven states - western Missouri, Kansas, Nebraska, Oklahoma, Colorado, Wyoming and northern New Mexico – that play a vital role in the national monetary policy, supervision of financial institutions, as well as providing payment and financial services to depository institutions and the U.S. Treasury in these areas.
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