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Why is the Jackson Hole Summit important?

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The Jackson Hole Summit takes place every year in a valley in the US state of Wyoming. The meeting brings together all the local Federal Reserve banks in the States, and the outcomes from the conference can have global ramifications. Economic history has been made in Jackson Hole. In the final days of the Soviet Union in 1990, central bankers and economists from the former Eastern bloc came to Jackson Hole to learn how to manage post-Communist economies. In 2010 Ben Bernanke mentioned a second round of QE which led to a 28% stock market rally over the next 8 months. The 2005 event, is remembered for warnings about risks in the financial system from Raghuram Rajan, the IMF’s then-chief economist. With the Fed caught in a monetary policy dilemma, we look at which markets will be affected by Janet Yellen's speech on Friday. Read more on IG: https://www.ig.com/uk/view-ig/2016/08/21/fed_s-jackson-hole-meeting-is-front-and-centre-for-global-market-33969