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To overtime every year at this time of the year economic luminaries from around the world.
They flocked to Jackson Hole -- -- for good reason but it's for the annual Kansas City fed monetary policy meeting Peter Barnes.
Somebody had to do the job is there with a look at the beautiful surroundings hello -- A that's right tough assignment for me out here in the beautiful grand -- -- -- national marker for the 31 annual.
Economic symposium sponsored by the Kansas City Federal Reserve Bank a 145.
Central bankers and academics and experts all gathering here.
To talk about the financial crisis and -- reactions to -- the policy responses how it's going what else needs to be done it all gets kicked off tonight with -- dinner with all of these.
Very Smart people -- -- chairman Fed Chairman Ben Bernanke will be giving some opening remarks and then.
The presentation start formally tomorrow.
With a formal opening statement by the Fed Chairman they'll be talking about the -- and -- of the financial crisis.
The costs and a impact on the economic activity.
The role of monetary policy and fiscal policy.
On economic economic activity as they try to figure out.
You know what to do next going forward but speaking of the economy -- We are here at the Jackson lake lodge which is one of warlock is here in the grant to -- on national park and believe it or not.
All of the camping and skiing and hiking and all the other activities tourism and recreation.
Have been a big positive.
-- the economy in this area and the state of Wyoming and -- -- talk about it -- this is Jackie -- she's a public affairs officer for the -- -- on national park welcome -- And welcome to Fox Business -- -- an answer you very much we look we don't assign I am now that we love about so I.
-- -- what is happening here with your local economy and how a conference like this can actually help -- -- -- We'll conference like this actually brings the attention of our economic state across the country but it also gives us the chance in the National Park Service to say.
What -- value a national park kids.
And our visitation statistics across the board in the 391 units of the national park system are actually showing an uptick in visitation.
We think that's a good trend -- we are encouraged by those statistics and we feel like.
That is an indication that people still want to take a vacation they still want to make those great family memories.
And they also are looking for an economic boost and national parks aren't economic vacation.
What we can it last night we pay 25 dollars to get a pass into the park.
Good for seven days yes and and you could get a family -- a big family can come here and and just for 25 bucks a great value spend an entire week here doing.
That's true and that's the entrance that that applies to -- tee time as well as Yellowstone.
So we it we like to say you get two parts for the price of one when you come into our entrance station or Yellowstone National Park center stations you get.
25 dollars for seven days for both parts in and out of both parts so it is a great value camping is a great value.
Many of our activities are free not all but many.
Ranger led programs are always free so if you want to expand your horizons in the Biden himself learn about the history the geology of the area.
We have free activities for you -- yeah.
That you say this about 600 million dollars in economic impact from all the visitors -- we're gonna try to do our part here we're gonna eat a lot we're motivated try to get to fly fishing and we found out there's a dude ranch here so it.
That's right up my Alley -- Genentech thanks for joining us today we love the beautiful part it was my pleasure thank you drop.
I have got to get you are a -- reservation at that dude ranch -- I got anybody here help the local economy are right dude did but I got one question for you bad.
After the business.
Just -- meetings where the Fed -- to get up and give speeches to the economists that are gathered early they -- puts -- down and do that.
Interaction with economist to say what should we do that -- the Fed officials could actually get some in some importance of much information from the economist.
Right that they don't they don't make any formal speeches.
Rather the remarks by Fed Chairman Bernanke and and the host -- -- ago the president can't -- that.
It's mostly panels and presentations by academics and Central Bank officials -- power.
Our points you know they get up and they talk about their analysis the situation.
And then they don't sit around and discuss -- it's really kind of an idea form where they held its.
Sit around and talk about these these very big issue -- and what to do about the picks in the global economy that we'll.
Francis will wait for your future reports -- -- thanks Peter -- out in Jackson Hole meantime today.
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