ECB Officials Attend Conference Restricted To Media

The truth is known to many inside the financial services industry. Government officials are known to frequent elite conferences and occasionally mingle with participants at select after parties. But is such behavior acceptable for central bankers, the high economic priests who to a significant degree have access to market moving information? ECB executives participate in bank sponsored conference Providing the market elite knowledge regarding a central banker’s thinking can provide significant benefit to those fortunate enough to be in attendance. It is perhaps for this reason that Janet Yellen took the relatively unprecedented step of skipping the recent Jackson Hole summit,…