Event of the week: Jackson Hole Symposium

The most awaited event this week is the Jackson Hole Symposium. It is a forum where guests discuss an important economic issue that the U.S. and worldwide economies face. The topic is not necessarily one of immediate concern, but it could be a rising issue with heavy consequences.Host: Federal Reserve Bank of Kansas City

Guests: central bankers, finance ministers, academics, and financial market participants from around the world.

Theme of 2017: “Fostering a Dynamic Global Economy”

Location: Jackson Hole, Wyoming

Date: Thursday 24 – Saturday 26 August

During the three day event, investors are not expecting any major policy changes but they will closely follow remarks of key speakers. I am sorry Miss. Yellen, but it looks like this time Mario Draghi will be the star of the event. He will be the most important speaker as everybody’s waiting on details and clarifications about the European central bank’s monetary policy. Suspense, suspense!! Will he disappoint? Odds are that he’s not even going to mention this topic and only focus on the main theme.

Bank of Japan Governor Kuroda has not yet confirmed his attendance but Bank of England Governor Carney is definitely skipping this one! Someone has better plans for the weekend! Good or bad choice? I’m no fomo but I’m a bit disappointed that I didn’t receive an invitation! Guess I’ll have to stick to my standard parties in Lebanon!

 

Reference:

https://www.cnbc.com/2017/08/21/what-some-expect-from-jackson-hole-the-meeting-of-the-minds-of-fed-policy.html

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