Thursday, August 20, 2009

Telegraph.co.uk | Federal Reserve chairman Ben Bernanke & world's leading central bankers to meet in Jackson Hole, Wyoming this weekend

The key question to be addressed at the weekend meeting is how the US will be able to bring an end to its considerable intervention in the financial markets without stalling its tentative recovery.

Among those also attending are Mario Draghi, governor of the Italy's central bank, Canada's Mark Carney, Japan's Masaaki Shirakawa, France's Christian Noyer and the European Central Bank's Jean-Claude Trichet.

Also present will be the heads of the Fed's regional banks, as well as a number of notable economists.

Absentees will include Bank of England deputy governor Charlie Bean, who usually attends, but this year is sending one of the BoE's leading economists in his place.

It will not all be hard work, however, as the meeting, which has taken place every year since 1978 and is hosted by Kansas Fed president Thomas Koenig, also allows the world's leading economic brains to share some free time together. Potential activities include hikes and fishing trips around Wyoming's Grand Teton national park.

Another key topic will be the future of the dollar as the world's reserve currency, following a number of high-profile comments this week against it.

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http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6062809/Leading-bankers-converge-on-Wyoming-to-assess-recovery-signs.html