what is the jackson hole economic symposium 
the jackson hole economic symposium is an annual symposium sponsored by the federal reserve bank of kansas city since 1978 and held in jackson hole wyo since 1981 every year the symposium focuses on an important economic issue that faces world economies participants include prominent central bankers and finance ministers as well as academic luminaries and leading financial market players from around the world 1the symposium proceedings are closely followed by market participants as unexpected remarks emanating from the heavyweights at the symposium have the potential to affect global stock and currency markets understanding the jackson hole economic symposiumthe jackson hole economic symposium is one of the longest standing central banking conferences in the world the mission of the event is to foster an open discussion attendees are selected based on each year s topic with additional consideration given to create regional diversity among attendees the federal reserve bank of kansas city charges attendees a fee to cover the expenses associated with the symposium about 120 people generally attend a year representing a variety of backgrounds and industries but attendance by participants is limited and select media is also invited this not only helps keep the focus of the symposium on track but also provides it with transparency 2each year the federal reserve bank of kansas city selects a specific topic for the symposium and chooses a pool of attendees based on that topic these experts write and present research related to the symposium s theme the bank posts the papers online along with full transcripts from the event anyone who wishes to view them can do so for free online or get a free printed copy after they are published the topic for the 2023 symposium was structural shifts in the global economy 3 the topic for the 2024 symposium has not yet been announced past topics at the jackson hole economic symposiumwith the rise of tech giants like meta amazon apple and google has the amassed market power of such big companies hurt the broader economy or could it do antitrust authorities need to take firmer action 14in the wake of the global financial crisis central banks worldwide used a variety of tactics to resuscitate their countries economies while the traditional tactic of slashing interest rates to reduce borrowing costs was widely used many central banks also took the more unconventional approach of beefing up their balance sheets by acquiring financial assets such as sovereign agency and corporate bonds and in some instances stocks in large quantities 51a major and ongoing consideration for central bankers is staying ahead of inflation by setting interest rates to prevent disruptive rapid price increases however these days preventing inflation isn t as simple as it used to be the global economy is awash in liquidity normally an ignition source for inflation as more money chases the same quantity of goods leading to ever higher prices 61