The history of Jackson Hole
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Every August, Jackson Hole, Wyoming, becomes the center of the financial world for a few days as central bankers, academics and economists from around the world gather for a symposium. But how did this get to be such a big deal? A teachable moment and a history lesson for you today. Plus, the latest on reports that the Biden administration will make an announcement on federal student loan forgiveness. And, a plan in Washington, D.C., to help first-time homebuyers with low-interest loans at a time when inflation is making down payments more difficult.
Segments From this episode
The city is doubling the amount of low-interest loans that first-time homeowners can qualify for in its Home Purchase Assistance Program, but analysts say that only addresses part of the problem.
We delve into the history of the Federal Reserve's annual Jackson Hole Economic Symposium.
David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Redmond Carolipio Digital Producer
Ariana Rosas Producer/Director
Jarrett Dang Digital Producer (gone fishing)
Jesson Duller Media Producer