Fed needs quarterly monetary policy report, Bullard says

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James Bullard

The president of the Federal Reserve Bank of St Louis has argued for the Federal Reserve to issue a quarterly monetary policy report, to improve the central bank's communication when it comes to policy decisions.

James Bullard, in his most recent 'president's letter', says it would be a good idea for the Fed to specify a monetary policy rule that it would follow in adjusting the key policy rate.

"Monetary policy rules have been and will continue to be useful as guides for conducting monetary

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