Yellen calls quantitative thresholds a ‘major improvement’ in forward guidance


The Federal Reserve's communication is central to its policy-making, and improved substantially last year with the introduction of quantitative thresholds, Janet Yellen, the Fed's vice-chair, said yesterday.

Addressing a conference of the Society of American Business Editors and Writers in Washington, DC, Yellen said the move from calendar guidance to quantitative thresholds in December 2012 represented a "major improvement" in communication.

Yellen said the thresholds, which state that policy

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: