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Mishkin wants changes to lead to medium-term focus

Frederic Mishkin, a governor at the Federal Reserve, said on Thursday that he hopes the decision to increase the frequency and expand the content of the central bank's economic projections will stop Fed watchers' obsessive focus on where rates are heading in the near term.

The Fed announced on 14 November that it would revise its communication strategy, publishing four, rather than two, economic projections each year, as well as estimates for growth, core and headline inflation for each Fed

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