Jackson Hole Symposium 2022: Relevance, history behind name, objective and more—All you need to know

Jackson Hole Fed Meeting 2022: The three-day Jackson Hole Symposium is set to begin on Thursday, August 27. The meeting which will conclude on August 27 will be closely watched by investors across the globe as Federal Reserve chairman Jerome Powell will be making his remarks on the current economic scenario during the three-day meeting. It will be the first physical meeting post 2019.  

Who holds this meeting?  

The meeting is conducted by the US Federal Reserve and it hosts economists and policymakers from across the world to dwell upon. This meet will see the Federal Reserve Bank of Kansas City hosting dozens of central bankers, policymakers, academics and economists from around the world at its annual economic policy symposium in Jackson Hole, Wyo.  

What is the objective of this meeting ? 

Symposium participants, which include prominent central bankers, finance ministers, academics, and financial market participants from around the world, convene to discuss the economic issues, implications, and policy options pertaining to the symposium topic. The symposium proceedings include papers, commentary, and discussion. The goal of the Economic Policy Symposium when it began was to provide a vehicle for promoting public discussion and exchanging ideas. Throughout the event’s history in Jackson Hole, attendees from 70 countries have gathered to share their diverse perspectives and experiences. 

Why it is called Jackson Hole Symposium? 

The name of the meeting finds relevance in history and is named after the place. For more than three decades, the Federal Reserve Bank of Kansas City has hosted the annual Economic Policy Symposium in Jackson Hole, Wyo. Thus, the name Jackson Hole Symposium. The 2022 Economic Policy Symposium, "Reassessing Constraints on the Economy and Policy," will be held August 25-27. 

How US Market closed on August 24?

Meanwhile, ahead of Jackson Hole Symposium 2022, the US markets have snapped the three-day losing streak and closed on strong note on Wednesday. Wall Street benchmarks Dow Jones ended 59 points higher, Nasdaq rose 50 points and S&P 500 ended higher by 12 points on Wednesday