New rate-setting communication deliberated by Fed

federal reserve

The minutes from the Federal Open Market Committee's (FOMC) September meeting reveal a discussion about potentially changing the way the Fed communicates changes to its benchmark interest rate. At that meeting, which grabbed headlines for the Fed's pledge to carry out a third round of quantitative easing, the US policy-maker also adjusted its forward guidance on interest rates, saying low levels could be expected until at least mid-2015.

FOMC members then discussed how an eventual increase in

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