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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI TRANSCRIPT: Powell on Policy "Serving Everyone"
WASHINGTON (MNI) - The following is the portion of a transcript from
Federal Reserve Chairman Jerome Powell's press conference after the FOMC meeting
Wednesday:
Q: You mentioned Fed listens a couple of times and what you have heard from
people there about how it is benefitted disadvantage or lower income workers the
hot job market we have. Has the Fed thought about institutionalizing fed listens
and taking input from people you don't always hear from, has there been thought
of bringing in folks say from community groups more regularly? Thank you.
A: We think that Fed listens has been a great success for us. And I'm sure
we will repeat it. I would imagine that entire monetary policy review will
become institutionalized and be done every few years. I would say this in the
beige book we talked to he had kaigsal institutions, health care institutions,
community groups, labor groups. All those of groups are also represented on the
boards of our regional banks. We are conscious that we represent all Americans
and we need to hear all of theash perspectives. We talk about how low the
unemployment rate. Aggregate, but we talk about groups who haven't experienced
that yet. So we are try to remind ourselves that we serve everyone.
--MNI Washington Bureau; +1 202 371 2121; email: brooke.migdon@marketnews.com
[TOPICS: MMUFE$,M$U$$$]
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.