The world’s largest banking event is on the way
As various news and statistics about the economies of the USA and Europe are intertwined with strange developments and historical fluctuations in Japan’s banking system, creating eventful weeks in global stock and finance markets, the grand conference of the world’s bankers in Wyoming will draw all attention.
This conference will commence in three days under the title of ‘New Assessment of the Effectiveness of Changes in Financial Policies’. The conference of central bank presidents and senior economic managers from around the world has been held annually for several decades, hosted by Jackson Hole in the state of Wyoming.
The importance of this conference is beyond what can be ignored in terms of the speeches and points presented by the most influential economic figures in the world.
The speeches at this conference have always contained subtle and precise points and specific news, going beyond official and formal ideas and statements. The speech by the President of the European Central Bank and the Chairman of the Federal Reserve at last year’s meeting was so pivotal that it became part of the operational pattern and understanding of upcoming economic plans for investors.
This year, the speech by the Federal Reserve Chairman, which will be on Friday, will hold everyone’s breath. Experts, and especially large and mid-level investors, are waiting for Jerome Powell’s green light to reduce interest rates. On the eve of the US elections and with new reports from the US economy indicating reduced concerns about the occurrence of a recession in the country, this speech could be very decisive.