WASHINGTON — The US Federal Reserve on Friday announced plans for a May 15-16 conference and public 'Fed Listens' events around the country as part of a review of its long-run strategy and approach to policymaking.

The so-called 'framework review,' the second of what are now intended as regular five-year analyses of the US central bank's overarching approach to monetary policy, will kick off with discussions among policymakers beginning in January, but look outside the institution as well through the conference and the community events.