Jackson Hole Economic Symposium

[3] The conference was placed there partly because Paul Volcker, the then-Federal Reserve chairman, wanted to benefit from the great fly fishing in the area.

[4] Among the regular attendees are top economists from the Federal Reserve Board, as well as other policymakers such as foreign central bank governors.

[3] At the 2020 meeting, Fed chairman Jerome Powell announced a new policy for raising interest rates that was not simply based on joblessness or inflation expectations.

Despite acknowledging the risk of recession, the majority of central bankers expressed their determination to increase interest rates for the purpose of curbing inflation.

Bank of Japan governor Haruhiko Kuroda was exceptional in expressing his need to continue reducing interest rates.