Half Of Fed’s FOMC Members To Miss Jackson Hole

The Federal Reserve’s annual powwow in Jackson Hole, Wyo., which kicks off this week, is expected to be sparsely attended by U.S. monetary policymakers just as questions about the agency’s plans to keep the economy rolling intensify.

Janet Yellen, chair of the Board of Governors of the U.S. Federal Reserve, has bowed out, as previously announced in May. Daniel Tarullo, a member of the Fed’s Board of Governors, will also not be attending. Both Yellen and Tarullo are members of the Federal Open Market Committee (FOMC), which is the monetary policymaking body of the Federal Reserve System.

Other FOMC members not planning to attend this year include Charles Evan, head of the Chicago Fed, and John Williams, head of the San Francisco Fed—both of whom attended last year, according to spokespeople from those Fed units.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza