In Jackson Hole, Wyoming this weekend, Federal Reserve officials will be joined by economists and banks from around the world for the Kansas City Fed’s annual economic symposium, according to The Wall Street Journal.
The theme for this year’s conference is “Challenges for Monetary Policy.” Federal Reserve Chairman Jerome Powell is set to speak on Friday and Bank of England Governor Mark Carney is set to speak later in the day. Other bank heads and monetary leaders around the world are also set to speak or participate in panel discussions.
Markets will be hungry for every piece of information from the symposium in an effort to see if there will be any clues as to what the Federal Reserve’s next move will be. Despite interest rate cuts last month by the Fed, trade tensions and slowing economic growth may require further moves by the Fed to help the economy continue to grow.
Powell has spoken often about the importance of acting before an economic downfall, saying “an ounce of prevention is worth a pound of cure.”