Bank of Japan: Governor Ueda will travel to Jackson Hole from Thursday to join US Fed's annual symposium

Bank of Japan: Governor Ueda will travel to Jackson Hole from Thursday to join US Fed's annual symposium

Bank of Japan Governor Haruhiko Kuroda will travel to Jackson Hole, Wyoming, to attend the Federal Reserve's annual symposium, scheduled for August 21-23. This event, traditionally held in the picturesque town of Jackson Hole, Wyoming, is a significant gathering for central bankers, economists, and financial professionals to discuss economic policy and monetary strategy.

The Jackson Hole symposium, which began in 1978, is renowned for its informal setting and the candid discussions that occur among attendees. This year, the symposium will be held under the shadow of global economic uncertainty, with investors eagerly awaiting insights from Federal Reserve Chair Jerome Powell's remarks.

Powell's speech is expected to provide clarity on the Fed's economic outlook and policy framework, potentially offering hints about future rate cuts or policy adjustments. Market participants currently see an 84% probability of a 25-basis-point rate cut at the Fed's next meeting, according to the CME FedWatch tool [1].

Gold, a traditional safe-haven asset, has been consolidating and awaiting new catalysts to break higher. The Fed's Jackson Hole symposium is a key event to watch, as it could influence gold prices. UBS recently raised its gold price target for end-March 2026 to $3,600/oz due to persistent U.S. macroeconomic risks, a decline in dollar use, and strong investment demand [1].

In addition to the Fed's policy outlook, the symposium will also feature discussions on global economic conditions. Governor Kuroda's attendance reflects the Bank of Japan's interest in understanding the international monetary policy landscape and its implications for the Japanese economy.

The Jackson Hole symposium will also provide an opportunity for Governor Kuroda to engage with his counterparts from other central banks, including those from the European Central Bank and the Bank of England. These discussions could help shape future monetary policy coordination efforts.

The symposium is expected to be a pivotal moment in global economic policy, with implications for interest rates, currency exchange rates, and commodity prices. Investors and financial professionals will be closely monitoring the event for any signals that could influence market conditions.

References:
[1] https://www.reuters.com/world/china/gold-steadies-ahead-feds-jackson-hole-symposium-2025-08-19/
[2] https://www.aol.com/finance/powells-jackson-hole-speech-could-174606905.html
[3] https://www.marketscreener.com/news/powell-and-fed-under-pressure-at-jackson-hole-ce7c51dfd089f624