An initiative of the nation’s central bank to glean feedback from groups and communities that has informed its policy discussions will continue in 2021, focusing on input from individuals, households, and communities about the economic recovery from the COVID-19 pandemic, the central bank announced Wednesday.
“During the Federal Reserve’s 2019 monetary policy framework review, the Fed Listens series of events provided valuable feedback from a broad range of groups and communities on the state of the economy and on issues related to our monetary policy goals,” Fed Gov. Michelle Bowman said in a statement with Wednesday’s release. “Continuing the initiative in years that we are not reviewing our framework will similarly benefit the Federal Reserve’s ongoing policymaking process, while also enhancing transparency and public accountability.”
The Fed said details on Fed Listens events will be posted online.
Release: Federal Reserve announces it will continue its Fed Listens initiative in 2021 to learn from a broad range of individuals, households, and communities about the economic recovery from the COVID-19 pandemic