BUSINESS

Yellen plans on skipping this year's Jackson Hole conference

Staff Writer
Columbus CEO

WASHINGTON (AP) — It turns out that being the first woman to head the Federal Reserve is not the only tradition Janet Yellen is breaking. The Fed says she plans on skipping this year's gathering of the world's central bankers at Jackson Hole, Wyoming.

In a statement, the Fed said Yellen will participate in the August policy symposium from time to time in future years as part her public speaking schedule. It did not say why she was skipping it this year.

The faithful attendance of her three predecessors — Paul Volcker, Alan Greenspan and Ben Bernanke — made the conference sponsored by Kansas City Federal Reserve Bank a widely sought invitation by central bank officials from around the globe. Kansas City Fed officials said they would have no comment on Yellen's decision.