Ben Bernanke is turning up the heat on speculation he will leave the Federal Reserve when his second four-year term as chairman ends in January.
The latest sign came Monday when a Fed spokesman confirmed that a “personal scheduling conflict” will prevent Bernanke, 59, from attending the 37th annual Jackson Hole conference set for Aug. 22-24.
More than 140 top economists, academics, policy makers and central bankers from around the world, converge once a year upon a quiet lodge in Wyoming nestled at the foothills of the Grand Tetons to discuss the economy and monetary policy. It is a longstanding platform for Fed chiefs to signal what direction policy might be headed or to offer post-mortems of policy achievements and missteps.
Some economists are willing to bet that Janet Yellen, the Fed’s vice chair and widely considered the top contender for Bernanke’s job, will be the keynote speaker at this year’s Fed symposium in Jackson Hole, Wyo., sponsored by the Fed’s Kansas City bank district.
via USA Today
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.