As part of the Federal Reserve System's effort to assess its monetary policy strategy, tools, and communication practices, the New York Fed hosted four Fed Listens sessions in 2019 to solicit a wide range of perspectives from diverse stakeholders around issues related to the job market, inflation, and the transmission of monetary policy to the broader economy.
The New York Fed is engaging with three of its existing external Advisory Groups to discuss these issues:
- Advisory Council on Small Business and Agriculture on March 25
- Upstate New York Regional Advisory Board on March 26
- Community Advisory Group on April 3
In addition, the New York Fed hosted a capstone roundtable discussion on May 20, 2019 that included additional constituents, including labor and non-profit leaders, local government officials and congressional district staff, and regional academics. Attendees participated in a discussion with Richard H. Clarida, Vice Chair of the Board of Governors of the Federal Reserve System, and John C. Williams, President and CEO of the New York Fed.
The webcast of this session is available below.
The Federal Reserve on Nov. 15, 2018, announced a review of the strategy, tools, and communication practices it uses to pursue its congressionally-assigned mandate of maximum employment and price stability. The review will include a System research conference in June 4-5, 2019, at the Federal Reserve Bank of Chicago. Additionally, Reserve Banks are hosting a series of public events around the country to hear from a wide range of stakeholders. Beginning around the middle of 2019, the Federal Open Market Committee (FOMC) will discuss the perspectives offered during the outreach events as part of its review. The Committee is expected to report its findings in 2020.