Jackson Hole Meeting in Focus
The Jackson Hole Economic Policy Symposium, which has been traditionally held every August since 1978 by the Kansas branch of the US Federal Reserve (FED) in Jackson Hole Valley in Wyoming, will be held online this year due to the Covid-19.
The symposium is scheduled to take place on Friday, August 27, with the participation of central bankers, academics, professionals and members of the media group. In this highly prestigious event of economy, markets will focus on the statements of Fed Chair Jerome Powell.
Last year: At the Jackson Hole Meeting last year, Jerome Powell stated the new approach adopted by the Fed in its monetary policy strategy..
Accordingly, emphasizing that the focus will be on a strong employment market, Fed Chair noted the inflation would be tolerated for a while around the symmetrical 2 percent target.
The main theme of the symposium will be ‘Economic Outlook’ and Mr. Powell's thoughts on the following issues will be on our radar;
Delta variant,
Inflation forecasts,
Future of asset purchases,
Monetary policy stance after the pandemic.