STOCK MARKET WATCH -- Tuesday, 22 July 2014

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20. Wall Street Cut From Guest List for Jackson Hole Fed Meeting

http://www.bloomberg.com/news/2014-07-22/wall-street-axed-from-guest-list-for-jackson-hole-fed-conference.html

Wall Street doesn’t lead to Jackson Hole this year.

As the Federal Reserve Bank of Kansas City prepares to host next month’s annual gathering of central bankers in Wyoming, seasoned Fed watchers from the financial markets, including the chief U.S. economists of the biggest American banks, aren’t being invited, according to past participants.

Among those who didn’t make the guest list: Vincent Reinhart of Morgan Stanley (MS), Jan Hatzius of Goldman Sachs Group Inc. (GS), and Bank of America Corp.’s Ethan Harris. Onetime conference regulars, including Mickey Levy of Blenheim Capital Management LLC and Meredith Whitney of Kenbelle Capital LP, also lose out.

They’ll miss a conference that has foreshadowed some of the Fed’s biggest monetary-policy shifts since the financial crisis, and a keynote speech by Chair Janet Yellen. Perhaps as importantly, they also will be deprived of the opportunity to mingle with policy chiefs over meals and on mountain trails.