Jackson Hole Economic Policy Symposium 2024 Latest News: The closely-watched Jackson Hole Economic Policy Symposium began in Wyoming on Thursday. The global financial elites have descended upon this beautiful retreat, which is often regarded as ‘Davos of central bankers.’

All eyes will be on the keynote address by US Federal Reserve Chairman Jerome Powell. The global finance markets will be watching Powell’s marquee event speech, where he is likely to talk about the outlooks on inflation and new surge in the unemployment rate.

This year’s speech gains significance in the backdrop of the 2022 impact of Powell’s address on the stock markets. The 2022 speech had sparked sell-off in the markets. As investors worldwide wait for Powell’s speech, here are key facts that you need to know:

Jackson Hole Economic Policy Symposium: The venue

The name of the event comes from the venue, which is situated in the northwest of Wyoming, US. Jackson Hole borders Teton County’s Idaho. The venue is actually a valley, which is located between Gros Ventre and Teton ranges.

Jackson Hole Economic Policy Symposium: When to watch Jerome Powell’s speech?

Powell is scheduled to address the central bankers at the event, which will be hosted by Kansas City branch of the Fed at 10 am Eastern Daylight Time (EST). This means that according to Indian Standard Time (IST), Powell will deliver his speech at 7:30 pm on August 23, Friday.

Jackson Hole Economic Policy Symposium: Where to watch Jerome Powell’s speech?

Moneycontrol will be giving all the updates of Powell's speech. Apart from that one can check the official website of the US Federal Reserve - www.federalreserve.gov. The social media handle of the Fed Reserve - x.com/federalreserve -will also post the link and snippets of Powell’s speech.

Jackson Hole Economic Policy Symposium: Market trends

While the next FOMC meeting is scheduled to be held on September 17-18, investors will be observing Powell's speech for hints on how the latest economic data is likely to may impact the central bank’s rate cut decision.