Bernanke to Skip Jackson Hole on ‘Scheduling Conflict’: Reuters

[jakeXT]

Source: Reuters, Bloomberg

Federal Reserve Chairman Ben S. Bernanke will miss the Jackson Hole monetary policy conference this year, Reuters said, citing an unidentified Fed spokeswoman.
Bernanke is currently not planning to attend the meeting in August because of a “personal scheduling conflict,” Reuters cited the spokeswoman as saying. It would be the first time that Bernanke will miss the event since taking charge of the Fed in 2006, and the first time in 25 years that a Fed chairman will not attend the meeting, Reuters said.
Calls by Bloomberg News to two spokesmen for Bernanke weren’t answered.
Bernanke has used the symposium of global central bankers and economists, held annually in Jackson Hole, Wyoming to signal the Fed’s monetary-policy intentions. Last year, he said at the event that he wouldn’t rule out a third round of quantitative easing to spur U.S. economic growth.

Read more: http://mobile.bloomberg.com/news/2013-04-21/bernanke-to-skip-jackson-hole-on-scheduling-conflict-reuters.html

[midnight]

1. So it's the first time in 25 years a fed chair will not be discussion the plans for dealing with our

money problem, unless of course we rely on last years indication.... another round of quantitative easing...


Risks include the policy being more effective than intended in acting against deflation – leading to higher inflation,[14] or of not being effective enough if banks do not lend out the additional reserves.[15

https://en.wikipedia.org/wiki/Quantitative_easing

[dotymed]

2. IMO, it doesn't really matter.

Bernanke is useless, he will do whatever the banks and TPTB tell him to do.

[CountAllVotes]

3. awwwwww

for Bernanke missing his chance to party away in Jackson Hole.

[bucolic_frolic]

4. Root canal? Vacation? Wedding?

He has no good news to report as the limits of QE's are widely known now

and he's nearing retirement. I imagine he's had a rather stressful 7 years.

But skipping Jackson Hole? It's his job.