Since 1978, there has been an economic symposium in Jackson Hole Wyoming, and the Federal Reserve has sponsored this event since 1981. This event is attended by the financial minds of the world, from leading banking experts, to the academics that analyse the economic data. But it is an event that is restricted to the press that has access, and all participants need to pay for the privilege of attending, including the press. This money is used to fund the event that is spread over a number of days.
The proceedings are watched because just one comment could have an effect on the current market situation. This is why only a small number of the press are allowed to cover the symposium; it is about getting the information of the event into the world but in a controlled manner.
These meetings are about looking towards the future of the global financial markets, ways to improve the economic growth around the world, and not just focusing on America.
These lectures and discussions are there as a way to look towards the potential of the future of the financial markets. A way to bring all those people together that have the need to grow and develop, as well as those people that work in this field, they have the power as a group that can influence the future of the financial world. This is why it is an important event in the financial calendar; it can influence changes whether good or bad in the markets. This can come from a comment that is reported or from a plan that enables the markets to grow.
Why Jackson Hole is important
The Jackson Hole financial and economic meetings are an important part of the financial institution; it has become the most influential symposium that happens on a yearly basis.
It allows those important financial people to gather in one area and discuss the implications on the financial markets. It is what people look towards to get the inside information.
If you want to read any of the reports that are generated from these meetings then this is possible. It is important that if you want the Federal Reserve’s review of the meetings then you will need to wait until these reports are published on the site; it can take a few months for all the information to be correlated into a readable report, these are available for free download, and can make for some very interesting financial reading.
It is not in any way light reading material and has areas that are quite complicated to understand, if you have limited exposure to the areas concerned. But it is by no means impossible, if you are looking to see what the potential of the financial markets for the coming year then this is a great place to start.
It is possible to get some information from the press, this is sometimes less intense than the reports generated by the Federal Reserve and can highlight some of the important events rather than having to go through the Federal Reserve reports which can take 2 months for them to be available.