Fed Chair Powell, Gov. Brainard to host 'Fed Listens' event May 21 - Metro US

Fed Chair Powell, Gov. Brainard to host ‘Fed Listens’ event May 21

FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell  speaks in Washington

(Reuters) – Federal Reserve Chair Jerome Powell and Fed Governor Lael Brainard will host a virtual “Fed Listens” event to take stock of the economic effects of the coronavirus pandemic on May 21, the U.S. central bank said on its website.

The event will focus on “how the pandemic has changed perspectives on the labor market, inflation, and the transmission of monetary policy to households and businesses,” the Fed said.

The Fed has hosted more than a dozen events over the past year as part of a review of its policy framework that had been put on hold as policymakers dealt with the economic fallout of business shutdowns aimed at slowing the spread of the coronavirus.

(Reporting by Ann Saphir; Editing by Chris Reese)

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