The Federal Reserve announced it will review monetary policy strategies, tools, and communication practices next year.
“With labor market conditions close to maximum employment and inflation near our 2 percent objective, now is a good time to take stock of how we formulate, conduct, and communicate monetary policy,” Federal Reserve Chairman Jerome Powell said in a release.
As part of this undertaking, the Fed will sponsor a conference on June 4 and 5 at the Federal Reserve Bank of Chicago, as well as a series of public events around the country to gain insight “from a wide range of stakeholders.”
Near the middle of the year, Fed “policymakers will discuss the perspectives offered during the outreach events as part of their review of how to best pursue the Fed’s statutory mandate,” the release said, with officials reporting their findings.
