Thursday, August 26, 2010

The Jackson Hole "In Crowd": Haroutioun Samuelian Makes It!

WSJ has some details on who was, and who wasn't, invited to this year's Annual Fed Conference in Jackson Hole, Wyoming:

Goldman Sachs chief economist Jan Hatzius didn’t get an invitation this year. Nor did Laurence Meyer, a former Fed governor and current vice chairman of Macroeconomic Advisers LLC, which advises big investors on Fed policy. Mr. Meyer said he’d miss the chance to “socialize with friends.” Mr. Hatzius couldn’t immediately be reached for comment.

Newcomers include Ardian Fullani, governor of the central bank of Albania, Grigori Marchenko, governor of Kazakhstan’s central bank, and Haroutioun Samuelian, the Central Bank of Lebanon’s vice governor. There is still a Wall Street contingent on hand, which includes Richard Berner, Morgan Stanley’s top economist, Mickey Levy, of Bank of America, Dino Kos, the New York Fed’s former markets chief who is now a managing director at the investment frirm [sic]Portales Partners LLC, and a few others.

Diane Raley, a spokeswoman for the Kansas City Fed, says this year’s invitation list required “difficult decisions,” particularly with respect to the New York Fed, which she said had a “special role” within the Fed system, and regional bank research directors.

Among the invited no-shows at this year’s meeting are Daniel Tarullo, a Fed governor, and Bill Dudley, Richard Fisher and Janet Yellen, heads of the regional Fed banks in New York, Dallas and San Francisco.
I wonder how many of the "in crowd" understand the implications of the Fed re-investing MBS cash flow? Do they have an opinion as to the M2 multiplier effect of the Fed's move? Does Haroutioun Samuelian have a guess?

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