In Richmond, a panel of local business and community leaders discussed the ways the Fed’s monetary policy affects the regional economy. In New York, panelists representing labor, local government, and community organizations offered their perspectives on the relative importance of the Fed’s dual mandate goals.
As I and my Fed colleagues who have participated in these events will attest, they have provided us with valuable perspectives on the economy that we would not otherwise be able to glean from aggregate economic statistics. In coming regularly scheduled meetings, the FOMC will undertake its assessment of our monetary policy strategy, tools, and communication practices.