Jackson Hole Federal Reserve symposium will take place Aug 27-29. What we know about the schedule.
Bernanke and Stanley Fischer at the 2012 Jackson Hole symposium
Janet Yellen and other Fed members are struggling with how to approach the September FOMC decision the Fed Chairman won't be at the Jackson Hole symposium.
Yellen revealed in late May that she was planning to skip the event. It's historically the place where central bankers set the agenda for the final four months of the year. But Yellen also skipped out last year and Bernanke snubbed it the year before. Most famously, it was at the conference where he laid the groundwork for QE2.
It's not just the Fed who speaks at the conference. Last year, ECB President Draghi promised to do more to halt falling inflation and he followed that by introducing a bond buying program in September.
"Inflation has been on a downward path from around 2.5% in the summer of 2012 to 0.4% most recently. Acknowledging this, the Governing Council would use also unconventional instruments to safeguard the firm anchoring of inflation expectations over the medium- to long-term," he said.
The euro was trading at 1.32 at the time, sank to 1.23 at year end and 1.05 by March.
Jackson Hole 2015
So far, we have little indication of who will be attending Jackson Hole. The program isn't released until August 27, the day the conference begins.
The theme this year is "Inflation Dynamics and Monetary Policy," which is well chosen because the lack of inflation is the critical question facing the Fed and almost every other central bank.
At the moment, the Fed calendar is very thin. There are speeches from Williams and Kocherlakota this week but nothing else on the schedule. Expect a few high profile names to leak onto the informal schedule next week.
