The Annual Economic Symposium takes place 25-27 August, 2011 in Jackson Hole, Wyoming. This is the most fragile and mind-boosting place right now because it gathers many central bank leaders and plenty of important minds in the economic world. Markets await the speech of the governor Bernanke. Is it going to be pictured by another drawing like that one from last year’s journal The Economist? His speech scheduled today, 26 August, 10am ET. The Fed has already recently commit itself to keeping low levels of interest rates for the next 2 years. Hence, doubtful that the next round, QE3 is announced soon. Let’s tune in to the Jackson Hole economic news.
The Symposium’s webpage – http://www.kc.frb.org/publications/research/escp/escp-2011.cfm