Bernanke to Miss Jackson Hole in Aug. Hint of No 3rd term at the Fed?

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

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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 has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. 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