Dallas Fed highlights transformation of FOMC statements over past 20 years
The first time the Federal Open Market Committee (FOMC) issued a statement on interest rates immediately after a meeting was in February, 1994, the Federal Reserve Bank of Dallas notes in an historic overview of FOMC communication. This was being done "to avoid any misunderstanding of the committee's purposes", the statement said.
The committee decided to announce all monetary policy changes in conjunction with meetings a year later (it has always released minutes). Previously, market
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