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Odd Lots

What It’s Like to Be a Fed President at Jackson Hole

Odd Lots

Bloomberg

Business, News, News Commentary, Investing, Business News

4.52K Ratings

🗓️ 26 August 2024

⏱️ 39 minutes

🧾️ Download transcript

Summary

This year’s Economic Symposium in Jackson Hole, Wyoming marked a big change for US monetary policy, with Federal Reserve Chairman Jerome Powell telegraphing the first rate cuts in potentially two years. But what’s it actually like to be a policymaker at one of the most famous economics conferences in the world? And what do central bankers do when they all get together to talk policy? In this episode, we catch up with Richmond Fed President Tom Barkin, who describes what it’s like to be at Jackson Hole, what’s discussed and how the annual agenda put together by the Kansas City Fed comes together. We also talk about Powell’s speech and how Barkin is viewing the labor market right now.


Powell’s Pivot Leaves Traders Debating Size, Path of Rate Cuts

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slash Enterprise Data to learn more. Podcasts, radio news. Hello and I'm Joe Wiesenthaw.

1:05.0

Hello and welcome to another episode of the All Thoughts Podcast.

1:08.0

I'm Tracy Allaway.

1:10.0

And I'm Joe Wiesenthal.

1:11.0

Joe, we are here at Jackson Hole. We it I love it here so this is the

1:16.0

annual economic symposium held by the Kansas City Fed and it's sort of a

1:21.4

gathering of central bankers and policy makers and the idea is that A it's a chance

1:29.2

for them to talk about the sort of pressing issues facing the global economy and maybe

1:33.7

their individual economies it's a chance to go over academic literature and talk about

1:39.2

ideas it's also a chance potentially to guide monetary policy at least for the Fed.

1:44.8

Right. So this is what people generally know the Fed chair gives a speech,

1:48.9

but there's also a bunch of you know like in, and I suppose in practice, but in theory, it helps

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