Bernanke to Skip Jackson Hole on ‘Scheduling Conflict’: ReutersRina Chandran
Federal Reserve Chairman Ben S. Bernanke will miss the Jackson Hole monetary policy conference this year, Reuters said, citing an unidentified Fed spokeswoman.
Bernanke is currently not planning to attend the meeting in August because of a “personal scheduling conflict,” Reuters cited the spokeswoman as saying. It would be the first time that Bernanke will miss the event since taking charge of the Fed in 2006, and the first time in 25 years that a Fed chairman will not attend the meeting, Reuters said.
Calls by Bloomberg News to two spokesmen for Bernanke weren’t answered.
Bernanke has used the symposium of global central bankers and economists, held annually in Jackson Hole, Wyoming to signal the Fed’s monetary-policy intentions. Last year, he said at the event that he wouldn’t rule out a third round of quantitative easing to spur U.S. economic growth.
U.S. gross domestic product rose at a 3.1 percent annual rate in the first quarter after expanding at a 0.4 percent pace in the final three months of 2012, according to the median forecast of 67 economists surveyed by Bloomberg ahead of Commerce Department data due April 26.