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.
Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at firstname.lastname@example.org. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.