Finally, allow me to offer a few words about the FOMC's review of the monetary policy strategy, tools, and communication practices that we commenced in 2019. This review—with public engagement unprecedented in scope for us—is the first of its kind for the Federal Reserve.
Through 14 Fed Listens events, including a research conference in Chicago, we have been hearing a range of perspectives not only from academic experts, but also from representatives of consumer, labor, community, business, and other groups. We are drawing on these insights as we assess how best to achieve and maintain maximum employment and price stability.