Jackson Hole Economic Symposium
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Search complete. 22 mentions across 19 episodes found for "Jackson Hole Economic Symposium".
Oct 27, 2026
Michael GapenGUEST
Warsh may have some of the same difficulty, but I think that's the basic message is taking an action, assessing its effect, deciding to take another action.
Matthew HornbachHOST
At the Jackson Hole Symposium in August, Chairman Warsh gave a speech.
Matthew HornbachHOST
And in the speech, he invoked this imagery of going on a hike around the mountains of Jackson Hole.
Matthew HornbachHOST
And he told us that there were, in essence, two types of hikes that one could go on around Jackson Hole, a more leisurely hike and And a more aggressive hike around the mountains, presumably because we don't think the Fed will hike rates at this meeting.
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A topic once confined to gold bugs and doomsday newsletters has gone mainstream.
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At the Federal Reserve's Jackson Hole Symposium in August, however, a paper by Ishwar Prasad and colleagues highlighted a different set of data.
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Yes, the dollar share of central bank reserves has fallen, and foreign central banks' treasury holdings have stayed flat at around $4 trillion.
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All figures in US dollars.
16 MINS LATER
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It moves as quickly as a stable coin, but it remains a deposit the bank can lend against, and it is insured by the FDIC up to the usual limit.
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J.P. Morgan has launched one for its institutional clients, and five regional banks have formed a network to exchange tokenized deposits that do not leave the insured banking perimeter.
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At the Jackson Hole Symposium where the Prasad paper was presented, Pablo Hernandez de Cos, General Manager of the Bank for International Settlements, said tokenized deposits preserve the tight link between deposit-taking and credit provision.
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But he warned that smaller banks might struggle with high upfront implementation costs to create the tokenized deposits, with knock-on effects for small business and local lending.
Andrei JikhHOST
They were all wrong.
Andrei JikhHOST
In 2020, BlackRock presented this exact Type 2 QE at something called the Jackson Hole Conference.
Andrei JikhHOST
They essentially told the Fed what the plan was.
Andrei JikhHOST
And then six months later, BlackRock went ahead and did it.
Richard CoffinHOST
Hey everyone, it's Richard, you're watching The Plain Baggle, major news circulating in the finance space online this past Friday as we got the breaking headline from Finance Twitter, or Finance X, whatever we're calling it these days, that Federal Reserve Chair Jerome Powell had abandoned reason for madness and would be throwing away America's 2% inflation target rate.
Richard CoffinHOST
with during a keynote speech at the annual Jackson Hole Symposium, the Fed chair caving to pressure and turning dovish, shifting from an inflation targeting regime to a focus on employment.
Richard CoffinHOST
Telling the boys to put on the space helmets, because we're firing up the money printers again.
Richard CoffinHOST
A shocking update that many were quick to share and lament online, warning that this would pave the way for higher inflation, possibly even stagflation, and the spiraling collapse of the US dollar.
Andrei JikhHOST
They were all wrong.
Andrei JikhHOST
In 2020, BlackRock presented this exact type 2 QE at something called the Jackson Hole Conference.
Andrei JikhHOST
They essentially told the Fed what the plan was.
Andrei JikhHOST
And then six months later, BlackRock went ahead and did it.
JesseHOST
What do you expect in the next one?
RufusGUEST
Well, in the last FOMC, Kevin Walsh had a lot to comment about the Jackson Hole Symposium.
RufusGUEST
So in his speech, after the hyped interest rates to 4% limit, uh he kept repeating the same thing uh as i mentioned during the jackson hall symposium yeah we are committed to fight inflation make sure it goes back to the two percent target so that has been very clear so that's why the market was pricing in at least two more rate hikes but then uh looking at uh what we are seeing as the data in the markets yeah inflation is still significantly high 3.4 percent that's u.s inflation uh then the job market is worsening so this brings in some form of
JesseHOST
headache for the fed yeah because they are failing at both their two mandates
Roland RamblerHOST
Opened in 1955, this 60-seat, 200-foot continuous serpentine counter functions as a remarkable social equalizer in the American West.
Roland RamblerHOST
Every late summer, the Federal Reserve Bank of Kansas City hosts the Jackson Hole Economic Symposium right here, drawing the most powerful central bankers on earth to a remote national park lodge.
Roland RamblerHOST
Federal park regulations mandate that public spaces remain accessible to everyone.
Roland RamblerHOST
Consequently, university professors and sovereign debt managers sit shoulder to shoulder with mud-booted hikers and river guides ordering short stacks of buttermilk pancakes.
Radhika DesaiHOST
And if this investment were to stop, then even the chip makers will not be profiting to the same extent.
Radhika DesaiHOST
So in this context, I read the new Federal Reserve Chairman Kevin Walsh's first speech at the Jackson Hole Conference of Central Bankers recently as attempting to accomplish what he can by talking tough while noting that acting tough could be catastrophic for the wealth of the very class he and the institution that he heads exists to serve, not to mention that it would go against Trump's express wishes to have low interest rates.
Radhika DesaiHOST
Now, in this context, there are many other signs of strain that are visible.
Radhika DesaiHOST
U.S. debt has crossed the $4 trillion mark and is expected to continue to rise.
Jesse OgolaHOST
What do you expect in the next one?
Rufas KamauHOST
Well, um, in the last FOMC, Kevin Warsh had, uh, a lot to comment about the, the Jackson Hole symposium.
Jesse OgolaHOST
Yeah.
Rufas KamauHOST
So in his speech after they hiked interest rates to 4% limit, uh, he kept repeating the same thing.
Rufas KamauHOST
Uh, "As I mentioned during the Jackson Hole symposium-"
Jesse OgolaHOST
Yeah
Rufas KamauHOST
... uh, "we are committed to fight inflation, make sure it goes back to the 2% target."
Elliot DaigneaultHOST
But it gets worse.
Elliot DaigneaultHOST
Here's a transcript from a speech that Carney gave at the Jackson Hole Symposium back in 2019.
Elliot DaigneaultHOST
This one is particularly interesting because Carney argued that the global economy needed to reduce its dependence on the United States and the US dollar.
Elliot DaigneaultHOST
This is fairly lengthy, so I'm not going to go through it all.
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