Since 1981, Federal Reserve bankers, business leaders, noted academics, and government officials have gathered each August for a three-day symposium in Jackson Hole, Wyoming, to discuss critical issues facing the global economy and financial markets—while also doing a bit of fly-fishing and horse riding.
Fed Chair Jerome Powell’s annual speech is always closely watched. In recent years, with the Fed battling inflation, the spotlight on the symposium has only become brighter. Powell’s Jackson Hole comments have come to serve as a form of inter-meeting guidance for investors, a preview of future Fed policy that can move markets dramatically.
