Symposium of Central Banks: Jackson Hole Meeting Faces Cancellation Threat for the First Time in 38 Years

[Asia Economy Reporter Naju-seok] The annual symposium where central bank governors from various countries gather, known as the 'Jackson Hole Meeting,' is also facing the risk of cancellation due to the impact of the novel coronavirus infection (COVID-19).

On the 28th (local time), the Wall Street Journal (WSJ) and others reported that the Jackson Hole Meeting is expected to be canceled for the first time in 38 years. According to the report, the Federal Reserve Bank of Kansas City recently received notice that the conference venue, the 'Jackson Lake Lodge,' which has been used annually, will not be opened.

The Federal Reserve Bank of Kansas City stated regarding this, "We are reviewing the implications of the notice about the annual conference venue and its use," and added, "We are communicating about when it might be available."

Since 1982, the bank has held the meeting named the Jackson Hole Meeting every summer in Jackson Hole, a mountain resort town in Wyoming. This meeting discussed topics facing the global economy. It was a meeting of great worldwide interest, attended by prominent central bank governors and finance ministers.

It is not yet known whether the Federal Reserve Bank of Kansas City will seek a separate venue or replace the meeting with a virtual conference format.

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