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WASHINGTON (Reuters) -The U.S. 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. "We are open to new ideas and critical feedback and will take onboard lessons from the last five years and adapt our approach where appropriate to best serve the American people, to whom we are accountable," Fed Chair Jerome Powell said in a statement. Notably the statement said the Fed's 2% inflation goal "will not be a focus of the review," a likely disappointment to some in academic and policy analysis circles who feel the specification of a target, and the level at which it is set, have become problems for the central bank.

(Bloomberg) -- The Federal Reserve announced more details about its upcoming framework review Friday, including a specific focus on the central bank’s communication tools.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeTrump Promises Could Have Seismic Impact on Washington EconomyIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Mayor Adams Names Jessica Tisch to L

(Bloomberg) -- The oil market is “still complacent” about the geopolitical risks posed by the prospect of heightened sanctions against Iran and Russia, said Bob McNally, president of Rapidan Energy Group. Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeTrump Promises Could Have Seismic Impact on Washington EconomyIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Ma

(Bloomberg) -- Suncor Energy Inc.’s crude output from wells in Alberta rose to a record in October on gains at the Firebag oil sands site, which the producer’s chief executive has called a “rock star” operation.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeTrump Promises Could Have Seismic Impact on Washington EconomyNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesTokyo’s Scorc

The uptick in business activity was largely driven by the services sector.

The €92 billion conglomerate Bosch is cutting hours and pay for hundreds of staff thanks to a "difficult economic situation."

The banks most reluctant to tap the U.S. central bank's discount window to shore up their capital are in fact those who face the highest failure risk, according to new research from the New York Federal Reserve that turns the notion of bank emergency borrowing stigma on its head. The stigma in question is the long-running belief that when a bank borrows from the Fed's long-running emergency lending discount window, it will be perceived by others to be in trouble and face challenges as a result. To avoid those perceptions, banks will instead avoid the Fed, which in turn increases the risk that affected banks may find themselves in even deeper trouble.