(Reuters) – The Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming, will take place on Aug. 27 virtually and not in person as planned, the clearest signal yet of the central bank’s increasing worries about the impact of the COVID-19 Delta variant.
“While we are disappointed that health conditions will prevent us from being able to gather in person at the Jackson Lake Lodge this year as we had planned, the safety of our guests and the Teton County community is our priority,” said Kansas City Fed President Esther George in a statement.
The Fed had said on Thursday that Fed Chair Jerome Powell would not be attending in person and would give his speech on the economic outlook remotely, but as of Friday morning several regional bank presidents had still been planning to attend.
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by : Reuters