Fed to release ‘projections’ for future policy
The minutes of the December 13 Federal Open Market Committee (FOMC), released on January 3, revealed that the Federal Reserve is set to take unprecedented steps to improve transparency.
In the document, after sharing their views that led to the holding of key rates and continuation of Operation Twist, the committee considered ways in which the clarity and transparency of its public communications might be enhanced. "The subcommittee on communications recommended an approach for incorporating
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