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Jackson Hole Economic Symposium: Difference between revisions
Jackson Hole Economic Symposium (view source)
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[[File:Main Lodge and Terrace, Jackson Lake Lodge, WY.jpg|thumb|[[Jackson Lake Lodge]]]] | [[File:Main Lodge and Terrace, Jackson Lake Lodge, WY.jpg|thumb|[[Jackson Lake Lodge]]]] | ||
[[File:Hillary Rodham Clinton Addresses an Event for the 75th Anniversary of Women's Suffrage at the Jackson Lake Lodge in Grand Teton, Wyoming - NARA - 131493876.jpg|thumb|[[Hillary Clinton|Hillary Rodham Clinton]] at [[Jackson Lake Lodge]] with [[Grand Teton]] mountain in background]] | [[File:Hillary Rodham Clinton Addresses an Event for the 75th Anniversary of Women's Suffrage at the Jackson Lake Lodge in Grand Teton, Wyoming - NARA - 131493876.jpg|thumb|[[Hillary Clinton|Hillary Rodham Clinton]] at [[Jackson Lake Lodge]] with [[Grand Teton]] mountain in background]] | ||
The [[Federal Reserve]]'s '''Jackson Hole Economic Symposium''' is a three-day annual international conference hosted by the [[Federal Reserve Bank of Kansas City]] at [[Jackson Hole]] in the United States attended by [[central bank]] leaders from around the world. Central bankers discuss world events and financial trends and the discussions at Jackson Hole are watched for economic news and specifically the likely direction of global interest rates. It has been described by '' | The [[Federal Reserve]]'s '''Jackson Hole Economic Symposium''' is a three-day annual international conference hosted by the [[Federal Reserve Bank of Kansas City]] at [[Jackson Hole]] in the United States attended by [[central bank]] leaders from around the world. Central bankers discuss world events and financial trends and the discussions at Jackson Hole are watched for economic news and specifically the likely direction of global interest rates. It has been described by ''The New York Times'' as "the world's most exclusive economic get-together".<ref>{{cite news |last1=Smialek |first1=Jeanna |title=How Jackson Hole Became an Economic Obsession |url=https://www.nytimes.com/2023/08/24/business/economy/jackson-hole-economic-conference.html |work=The New York Times |date=August 25, 2023}}</ref> | ||
The event is held at vacation destination [[Jackson Lake Lodge]] in [[Grand Teton National Park]], in [[Wyoming]]'s [[Teton County, Wyoming|Teton County]].<ref name="NYT" /> during late August. It was held in a few different locations in the late 1970s, but Jackson Hole has been the location since 1981.<ref name="InvP">{{cite web | last = Kagan | first = Julia | title = Jackson Hole Economic Symposium | publisher = [[Investopedia]] | date = January 27, 2021 | url = https://www.investopedia.com/terms/j/jackson-hole-symposium.asp | accessdate = August 26, 2022 }}</ref> The conference was placed there partly because [[Paul Volcker]], the then-[[Chair of the Federal Reserve|Federal Reserve chairman]], wanted to benefit from the great fly fishing in the area.<ref>{{cite web |last1=Navallier |first1=Louis |title=How The Fed Ended Up Meeting In Jackson Hole: A Brief History |url=https://www.valuewalk.com/how-the-fed-ended-up-meeting-in-jackson-hole-a-brief-history/ |access-date=24 July 2024}}</ref> Among the regular attendees are top economists from the [[Federal Reserve Board of Governors|Federal Reserve Board]], as well as other policymakers such as foreign central bank governors. Economic papers are published, and presentations are given. | The event is held at vacation destination [[Jackson Lake Lodge]] in [[Grand Teton National Park]], in [[Wyoming]]'s [[Teton County, Wyoming|Teton County]].<ref name="NYT" /> during late August. It was held in a few different locations in the late 1970s, but Jackson Hole has been the location since 1981.<ref name="InvP">{{cite web | last = Kagan | first = Julia | title = Jackson Hole Economic Symposium | publisher = [[Investopedia]] | date = January 27, 2021 | url = https://www.investopedia.com/terms/j/jackson-hole-symposium.asp | accessdate = August 26, 2022 }}</ref> The conference was placed there partly because [[Paul Volcker]], the then-[[Chair of the Federal Reserve|Federal Reserve chairman]], wanted to benefit from the great fly fishing in the area.<ref>{{cite web |last1=Navallier |first1=Louis |title=How The Fed Ended Up Meeting In Jackson Hole: A Brief History |url=https://www.valuewalk.com/how-the-fed-ended-up-meeting-in-jackson-hole-a-brief-history/ |access-date=24 July 2024}}</ref> Among the regular attendees are top economists from the [[Federal Reserve Board of Governors|Federal Reserve Board]], as well as other policymakers such as foreign central bank governors. Economic papers are published, and presentations are given. | ||
The 1984 meeting focused on the causes of inflation.<ref name="InvP" /> The 2016 meeting focused on the effects of central bank balance sheets on financial stability.<ref name="InvP" /> The 2018 meeting focused on the effect of tech giants on the economy.<ref name="InvP" /> At the 2020 meeting, Fed chairman [[Jerome Powell]] announced a new policy for raising interest rates that was not simply based on joblessness or inflation expectations.<ref name="NYT">{{cite web | last = Simonetti | first = Isabella | title =Why Wall Street is so focused on a Fed conference in Wyoming | work = | The 1984 meeting focused on the causes of inflation.<ref name="InvP" /> The 2016 meeting focused on the effects of central bank balance sheets on financial stability.<ref name="InvP" /> The 2018 meeting focused on the effect of tech giants on the economy.<ref name="InvP" /> At the 2020 meeting, Fed chairman [[Jerome Powell]] announced a new policy for raising interest rates that was not simply based on joblessness or inflation expectations.<ref name="NYT">{{cite web | last = Simonetti | first = Isabella | title =Why Wall Street is so focused on a Fed conference in Wyoming | work = The New York Times | date = August 23, 2022 | url = https://www.nytimes.com/2022/08/23/business/jackson-hole-federal-reserve.html | accessdate = August 26, 2022 }}</ref> | ||
During the [[COVID-19 pandemic]] the economic symposium was held virtually for 2020 and 2021. About 100-120 economists, central bankers, and journalists meet for the symposium.<ref>{{cite news | url=https://seekingalpha.com/article/4536996-fed-jackson-hole-why-smart-money-is-watching | title=The Fed at Jackson Hole: Why the Smart Money is Watching | Seeking Alpha | newspaper=Seeking Alpha | date=August 25, 2022 | last1=Kane | first1=Logan }}</ref><ref>{{cite web | url=https://www.axios.com/2022/08/25/jackson-hole-fed-guide | title=A beginner's guide to the Fed's big conference in Jackson Hole | date=August 25, 2022 }}</ref><ref>{{cite news | url=https://www.kansascityfed.org/research/jackson-hole-economic-symposium/about-jackson-hole-economic-symposium/ | title=About the Jackson Hole Economic Policy Symposium }}</ref> | During the [[COVID-19 pandemic]] the economic symposium was held virtually for 2020 and 2021. About 100-120 economists, central bankers, and journalists meet for the symposium.<ref>{{cite news | url=https://seekingalpha.com/article/4536996-fed-jackson-hole-why-smart-money-is-watching | title=The Fed at Jackson Hole: Why the Smart Money is Watching | Seeking Alpha | newspaper=Seeking Alpha | date=August 25, 2022 | last1=Kane | first1=Logan }}</ref><ref>{{cite web | url=https://www.axios.com/2022/08/25/jackson-hole-fed-guide | title=A beginner's guide to the Fed's big conference in Jackson Hole | date=August 25, 2022 }}</ref><ref>{{cite news | url=https://www.kansascityfed.org/research/jackson-hole-economic-symposium/about-jackson-hole-economic-symposium/ | title=About the Jackson Hole Economic Policy Symposium }}</ref> | ||