Bankers, economists and academics have flocked to Jackson Hole for two-day event with number of talks and panel discussions on Friday and Saturday.
There will be highly-anticipated speeches from US Federal Reserve chairwoman Janet Yellen and European Central Bank (ECB) president Mario Draghi.
The symposium has been hosted in Jackson Hole by the Federal Reserve Bank of Kansas City for 35 years with the aim of addressing the world’s most pressing economic concerns.
Where is Jackson Hole?
The picturesque valley in the Midwest of the United States lies between the Teton Mountains and Gros Ventre Range in Wyoming.
The event’s organisers were first stunned by the region’s breathtaking landscape in 1982 and quickly agreed that it would be the ideal place to hold the conference.
Economist Alan Auerbach, who will be speaking at the symposium this year, joked that the stunning views sometimes makes it hard to focus on the task at hand.
He told the BBC: “It’s one of the most beautiful spots in the United States and it is sometimes hard to tear oneself away from the views to go back inside and listen to more discussions about monetary policy.”
What happens at Jackson Hole?
Each year the Federal Reserve Bank of Kansas City asks attendees to explore a chosen topic of discussion.
This year’s focus will be on ‘Fostering a Dynamic Global Economy’.
Organisers hope to force a conversation about the sluggish economic growth many countries have experienced since the financial crash of 2008.
The Federal Reserve Bank said: “A variety of factors may be contributing to this subpar performance, including changes in business structure, changing patterns of international trade and capital flows, and monetary and fiscal policies.
“These developments raise questions about how to boost growth on a sustainable basis and in a way that benefits a larger share of the population.”
Experts will present a range of reports and findings during the conference, all of which can be found on the Federal Bank Reserve’s website.
There is also a full schedule for the Jackson Hole symposium.
Who will attend the Jackson Hole symposium?
The exclusive gathering unites 120, economists, academics and government representatives every year.
Janet Yellen, who will step down as US Federal Reserve chairwoman in February, is set to open today’s proceedings, ahead of a speech by Mario Draghi this afternoon.
Mark Carney, Governor of the Bank of England, will not be at the conference, but Deputy Governor Ben Broadbent will attend.
The Federal Reserve Bank has refused to say how much it costs to attend the event.