(Reuters) – The Kansas City Federal Reserve’s annual economic symposium in Jackson Hole, Wyoming, will take place on Aug. 27 virtually and off-site as planned, the clearest sign of the central bank’s growing concerns over the impact of the Delta variant of coronavirus.
“While we are disappointed that health conditions prevent us from meeting face-to-face at Jackson Lake Lodge this year as we had planned, the safety of our guests and the Teton County community is our priority,” said the Fed chairman of Kansas City, Esther George, in statement.
The Fed had said on Thursday that Chair Jerome Powell would not be attending the event and would deliver his speech on economic prospects remotely, but as of Friday morning several regional bank presidents were still planning to attend in person.
(By Ann Saphir)
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