22 Aug JACKSON HOLE PREVIEW
The Great American Eclipse of 2017 is now over, which may have some believing that the most exciting part of the week has passed. However, for central bank watchers, the fun isn’t over, as the Federal Reserve’s (Fed) annual Jackson Hole Symposium takes place from August 24 – 26. This gathering of global central bankers began in 1978 and tends to be closely watched by markets. Though it may not be as exciting as an eclipse, this meeting has been significant historically. Central banks have used the conference to signal upcoming changes to policy, such as the Fed’s quantitative easing (QE) programs in 2010 and 2012, and the European Central Bank’s (ECB) QE program in 2014. There will be plenty of speeches and discussions about monetary policy for investors to watch out for throughout the conference. Though Friday, August 25 may be the most closely watched day, as both Fed Chair Janet Yellen and ECB President Mario Draghi are set to speak. Yellen will discuss financial stability and Draghi will cover fostering a dynamic global economy, which is also the overall theme of the conference.
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