The Fed’s Evolution Is Coming to a Computer Screen Near You — from nytimes.com by Jeanna Smialek
The 2020 version of the Federal Reserve’s loftiest annual meeting will be webcast this week, allowing the public to tune in for the first time. It could be the stage for an important policy shift.
Excerpt (emphasis DSC):
On Thursday, Chair Jerome H. Powell will have a chance to update America on the central bank’s soon-to-conclude framework review, in which it has revisited its policy tools for good and bad times, in a speech at the Kansas City Fed’s annual conference. The storied gathering of elite economists has been held behind closed doors in Jackson Hole, Wyo., since 1982. Because of the coronavirus pandemic, the event will be held remotely and streamed on the Kansas City Fed’s YouTube page this year, allowing the public to tune in for the first time ever.
From DSC:
May this be the start of something new!!! How cool/rewarding would it have been for our economics-related courses to be able to tap into this from a remote distance…then discuss (and track) things afterward!
Addendum:
- What is the Fed’s new policy framework, and why does it matter? — from reuters.com by Ann Saphir
Excerpt:
Here are five things to know about the Federal Reserve’s new strategy for achieving stable prices and maximum employment. The landmark policy shift was announced on Thursday.