The Fed's annual meeting in Jackson Hole kicks off today. Here's everything you need to know.

The 2019 Economic Symposium. The Federal Reserve Bank of Kansas City has hosted this symposium in Jackson Hole, Wyoming, every year since 1978 — 40 years total. This year, the symposium is titled "Challenges for Monetary Policy."

In a press release, the Kansas City Fed wrote that "the event is known as one of the longest-standing central banking conferences, bringing together economists, financial market participants, academics, U.S. government representatives, and news media to discuss key long-term policy issues of mutual concern."

The symposium starts this Thursday, August 22, and goes through Saturday, August 24. Federal Reserve Chairman Jerome Powell will speak on Friday, August 23.

The annual meeting is in between the Federal Reserve's July meeting and its September meeting. It is also right after FOMC meeting minutes for July and August, which were released on Wednesday, August 21. The meeting minutes were largely mixed but clear on one thing - the rate cut in July was not the beginning of a cutting cycle.

The policy symposium moved permanently to Jackson Hole, Wyoming in 1982 and has been hosted there in the Tenth Federal Reserve District ever since. The event takes place at the Jackson Lake Lodge, which is a National Park Service facility.

In a press release, the Kansas City Fed noted that it "does not have any resort-like amenities such as a spa, exercise room or salon."

The Bank receives no special treatment from the Lodge, which is open to the rest of the public throughout the symposium.

This year, the symposium has gained extra attention because of the current economic situation in the US and abroad. Investors and beyond are watching for signalling from Jerome Powell about what will happen at the Fed's September meeting.

The US bond and stock markets largely expect that there will be another rate cut, the second since the Great Recession. But how much that cut will be, and if there will be more interest rate easing, is up for debate.

Powell has drawn a lot of ire from President Trump for failing, in Trump's view, to cut rates as much and as swiftly as he wants. The president has attacked Powell in a number of tweets, and is likely to continue his crusade against the Fed even after the Jackson Hole meeting.