As central bank bigwigs gather in Jackson Hole, local businesses carry on
Fed Chairman Kevin Warsh and other central bankers will be in Jackson Hole, Wyoming next week for a conference. Meanwhile, local residents combat high prices and rising rents.
Federal Reserve Chairman Kevin Warsh is scheduled to give a speech next week in Jackson Hole, Wyoming. It’s a longstanding tradition for Fed chairs and other central bankers to attend the annual Jackson Hole Economic Policy Symposium hosted by the Federal Reserve Bank of Kansas City.
About an hour’s drive south from Jackson Lake Lodge, where central bank bigwigs will be discussing the most pressing issues in the economy, is the town of Jackson, Wyoming. In recent years, real estate prices have exploded there, making it difficult for workers in tourist-dependent businesses to find housing.
“Marketplace” host Kai Ryssdal spoke with Margaret Brady, one of Jackson’s many small business owners, about the local economy. Her knitting supply store, Knit on Pearl, has been in Jackson for 30 years.
Click the audio player above to hear their conversation.
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