Posts by category: Economics & Finance

Why does the Fed meet annually in Jackson Hole, WY?

Every year, the Federal Reserve (Fed) heads to Jackson Hole, Wyoming for an annual meeting. This tradition started in 1978 when the Kansas City Fed was looking for a place to gather that was away from distractions. Jackson Hole was chosen for its remote, yet beautiful location, providing a setting that encourages open discussions and deep thinking. This meeting is now a globally significant event where monetary policy is discussed and future economic strategies are often hinted. It's kind of like a retreat for the world's financial heavyweights to mull over the state of the global economy.