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The Federal Reserve on Wednesday announced that it will continue its 'Fed Listens' initiative in 2021, with a special focus on the pandemic recovery.
"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," Governor Michelle Bowman, said in a statement.
The Fed held fifteen 'Fed Listens' events around the country in 2019 and 2020, engaging a wide range of organizations, and used the feedback to update the central bank's framework last August. "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," Bowman said.