Boston Fed Executive Vice President and Senior Policy Advisor Jeff Fuhrer provides an overview of the Fed’s monetary policy framework. Fuhrer is one of several senior Fed economists who published research “Should the Fed regularly evaluate its monetary policy framework?” – the origin of the event.
The Boston Fed’s “Fed Listens: New England Perspectives on Fed Policymaking” event included three panels, including one with representatives from organizations and programs that focus on the underserved. The panel included Aaron Gornstein of Preservation of Affordable Housing, Karleen Porcena of Local Initiatives Support Corporation (LISC), Rachel Flum of the Economic Progress Institute, and Elyse Cherry of BlueHub Capital.
The Boston Fed’s “Fed Listens: New England Perspectives on Fed Policymaking” event is one of several events like it being held by Reserve Banks across the country in 2019. Panelists and attendees during the Boston Fed event included community leaders who shared their perspectives on the labor market and effects of interest rates on their constituencies.
Joanne Chang, owner of Flour Bakery and Myers+Chang restaurant and Michael Tamasi, president and chief executive officer of AccuRounds, were among several panelists representing small business, entrepreneurs, and labor at the Boston Fed’s Fed Listens event.
Alex Cronin/Federal Reserve Bank of Boston
Karleen Porcena, economic opportunity program officer at the Local Initiatives Support Corporation (LISC), was a panelist representing underserved people at the Boston Fed’s May 13 “Fed Listens” event. Porcena highlighted many of the issues affecting lower income communities, including good quality jobs and access to credit, among other concerns.
The “FedListens: New England Perspectives on Fed Policymaking” event included representatives from various demographic groups. Vanessa Calderón-Rosado of Inquilinos Boricuas en Acción, former Vermont State Representative Kesha Ram, Tia Murphy of AARP of Connecticut, and Glynn Lloyd of the Business Equity Division at Eastern Bank provided input on how the Fed’s policymaking impacts interest rates, job markets, and prices that their constituencies see every day.
Federal Reserve Vice Chair Richard Clairda and Boston Fed President Eric Rosengren offered remarks following three panels at the Boston Fed’s “Fed Listens” event on May 13. Clarida and Rosengren hosted the event to ask a wide range of stakeholders to provide feedback on the Fed’s approach to policymaking.