Mario Draghi will attend this year’s U.S. Federal Reserve symposium in Jackson Hole, opening the possibility that he could send a message on the European Central Bank’s bond-buying program as the euro area becomes less reliant on stimulus.
The ECB president is scheduled to attend the Kansas Fed event in Wyoming, an ECB spokesman said. The annual gathering will take place August 24-26, less than two weeks before Draghi convenes a meeting of the decision-making Governing Council in Frankfurt.
The appearance in Jackson Hole will be charged with symbolism as the ECB’s three-year campaign against the risk of euro-area deflation draws to an end. When Draghi last spoke there, in 2014, he added a line to his prepared remarks saying inflation expectations had fallen “at all horizons.” The comment was made without consultation with the Governing Council and heralded the large-scale asset purchases that would start six months later.