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WASHINGTON (MNI) - The following is the portion of a transcript from
Federal Reserve Chairman Jerome Powell's press conference after the FOMC meeting
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.
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