Published on August 26, 2021 at 12:43Updated Sep 2, 2021, 5:04 PM
Every year for 40 years, the Jackson Lake Lodge has been the world’s leading financial center. For 48 hours, it brings together around fifty central bankers, including that of the most influential economy for the markets, the United States. Because of the pandemic, the meeting will be held this Friday remotely, for the second year in a row.
This meeting space with a view of the snow-capped mountains does not have a “spa or weight room”, but it does have a swimming pool. An average of 120 people attend this conference each year, according to the Kansas City Federal Reserve, which organizes the event. These are mainly foreign central bankers (45), members of the Federal Reserve (25), economists (24) whose work drives the debates, a dozen representatives of major international organizations (IMF, etc.) and a handful of ministers (including finance). In theory, there is no representative of the financial private sector, unless it has a double role as a member of an international organization such as the “group of 30”, an institution which brings together 30 representatives of banks and former central bankers.