Fed’s Yellen to Headline Annual Jackson Hole Policy Conference
- Fed chair will speak on financial stability on Friday, Aug. 25
- ECB’s Draghi to also attend the policy symposium in Wyoming
JPM's Glassman Says Fed Needs to 'Hold High Ground'
Federal Reserve Chair Janet Yellen will join European Central Bank President Mario Draghi in Jackson Hole, Wyoming next week, setting the stage for a potentially revealing debate over the common challenges facing the world’s two most powerful central banks.
Yellen will speak on the topic of financial stability at 8 a.m. local time (10 a.m. in New York) on Aug. 25 at the Kansas City Fed’s annual symposium, the Fed said on Thursday. The ECB had already confirmed Draghi’s attendance at the gathering of top economists and policy makers. Their get-together comes as the U.S. central bank prepares to start unwinding its $4.5 trillion balance sheet and the ECB weighs when to slow down its own large-scale asset purchases.