by Bill McBride on 8/28/2012 08:42:00 AM
Tuesday, August 28, 2012
From Reuters: Draghi Skips Jackson Hole Ahead of Pivotal ECB Meeting
European Central Bank President Mario Draghi will not attend the annual Jackson Hole meeting of central bankers at the end of this week due to a heavy workload, the ECB said on Tuesday as its policymakers gear up for a critical meeting on Sept. 6.No speech on Saturday (Bernanke speaks on Friday at the Jackson Hole Economic Symposium).
Draghi had been expected to speak at the Jackson Hole gathering, but the retreat in the U.S. state of Wyoming falls just as ECB policymakers are hammering out the details of a new bond-buying plan aimed at tackling the euro zone debt crisis.
When asked whether Draghi was no longer planning to attend the Jackson Hole meeting, an ECB spokesman said: "That's correct ... He has a very heavy workload in the coming days."
Posted by Bill McBride on 8/28/2012 08:42:00 AM