Jackson Hole Economic Policy Symposium: The Jackson Hole Economic Policy Symposium is an annual summit sponsored by The Federal Reserve Bank of Kansas City. The symposium draws prominent central bankers, finance ministers, academics and leading financial market players from around the world and focuses on important economic issues facing the U.S. and the world. The event started in 1978 and has been held in Jackson Hole since 1981. The symposium events are closely monitored by market participants as comments made by the attendees have the potential to affect global stock and currency markets around the world. Media partners are present at the symposium, but press presence is limited so as to provide transparency, but not enough to influence discussion or proceedings. 

Source: Investopedia, Federal Reserve Bank of Kansas City

Joint Economic Committee (JEC): The Joint Economic Committee is one of four joint standing congressional committees and consists of 10 members each from both the Senate and the House of Representatives. The committee is split evenly among partisan lines, with 10 Republicans and 10 Democrats. The committee was created by The Employment Act of 1946 and the main purpose of the committee is to study matters pertaining to the economy. The JEC then provides their findings to the Senate and House and advises members of Congress.

Source: Joint Economic Committee website, Wikipedia

Junk Bonds: Nickname for high-yield bonds with a Standard & Poor’s rating of ‘BB’ or lower, or a Moody’s rating of ‘Ba’ or lower. Junk bonds have a higher default risk when compared to investment-grade bonds.

Source: Investopedia