Jackson Hole vs. FOMC
Two very different stages, two very different kinds of power
HostFederal Reserve Bank of Kansas City
NatureAcademic economic symposium No vote
Binding powerNone — remarks are personal, not policy statements
FrequencyOnce a year, late August
AttendeesCentral bankers, academics, select press (limited access)
Market reactionDriven by tone and word choice, sometimes larger than an actual FOMC decision
FOMC comparisonEight scheduled meetings a year Binding vote