Federal Reserve Chair Janet Yellen will meet Feb. 27 with American Principles in Action and a conservative coalition that had pushed for the same access they said liberal groups enjoyed.
Washington-based APIA announced the meeting today in a statement. APIA’s Steve Lonegan, director of monetary policy, Chairman Sean Fieler and senior economic adviser Ralph Benko plan to discuss monetary policy and economic concerns, including inflation and wages.
Yellen confirmed the meeting today in her semi-annual testimony before the House Financial Services Committee. “We meet with a wide variety of groups,” Yellen said.
The meeting coincides with a stronger push by Republicans to subject Fed monetary policy and regulation to more scrutiny. Senate Banking Committee Chairman Richard Shelby of Alabama next week will hold a hearing on “Federal Reserve reform.”
APIA asked Yellen in letters last year to meet with conservative groups and activists, saying she had created a perception that she listens to “left-of-center groups” when forming policy. The second letter was signed by representatives of other conservative groups.
The group was responding to a Nov. 14 meeting with labor and community organizers held at the Fed with Yellen and governors Stanley Fischer, Jerome Powell and Lael Brainard.
The Fed has been criticized by Democrats and Republicans over its rescue of big Wall Street banks in the 2008-2009 financial crisis, and over steps to support the economy through zero interest rates and massive bond purchases.
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