What will Janet say?

The Fed’s confab at Jackson Hole used to be a sleepy academic conference. At first blush, it’s not the most obvious location for a gathering of monetary policy mavens: it’s hard to get to, cell coverage is spotty, and bears can be a problem!

But it has the virtue of being remote. In fact, the striking scenery and remote location are reminiscent of the Bretton Woods global monetary conference of 1944, or even the 1910 meetings on Jekyll Island, South Carolina, where the architecture of the Federal Reserve was originally plotted. Off-site conferences have their advantages.

But getting away from the press is no longer one of them. The views of the mountains rising 6,500 feet above Jackson Lake may be breathtaking, but the conversations around meals and while hiking and fly-fishing are often most interesting to attendees. Sadly, for the rest of us, “Jackson Hole Rules” make these informal remarks off the record. Still, economic history has been made here. Alan Greenspan and Ben Bernanke both signaled major shifts in policy. But not always: last year, Bernanke didn’t even attend.

This year, everyone’s looking for clues as to when the Fed will start to raise rates. Will Dr. Yellen’s keynote provide them? We’ll just have to tune in!

Douglas R. Tengdin, CFA
Chief Investment Officer
Phone: 603-224-1350
Leave a comment if you have any questions—I read them all!

Follow me on Twitter @GlobalMarketUpd

www.chartertrust.com • www.moneybasicsradio.com www.globalmarketupdate.net
By |2014-09-18T09:44:23+00:00August 22nd, 2014|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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