Federal Bankers Meeting in Jackson Hole: Is the Change of Course Coming?

BerinIn Jackson Hole, a town in the US state of Wyoming, central bankers and economists from all over the world have met every year since 1978. Last year, the symposium took place virtually for the first time because of the pandemic, this year many participants will again be traveling in person. Away from the hustle and bustle and the monetary policy necessities of everyday life, there should be room there next Thursday to discuss fundamental questions of monetary policy. Ultimately, over the years, the meetings were also about day-to-day business. And so observers are preparing for the fact that important monetary policy signals could be sent from there again this year.

This year all eyes are on the President of the Federal Reserve System (Fed), Jerome Powell. In the USA, so-called tapering, i.e. how the central bank’s bond purchase programs are to be scaled back, is much discussed.

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