Jul, 18 2023
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.