St Louis Fed's Poole on Fed communications

In the speech 'Fed communications' given on 24 February William Poole of the Federal Reserve Bank of St. Louis said FOMC statements could be made clearer by adopting more standard expressions and even by explicitly adopting the understanding that the Fed would normally only move in quarter percentage point steps.

"I do not pretend that the goal is easy to reach, but believe that progress will require greater standardization over time in the structure of the statement and in the options from which

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