The Bottom Line
Federal Reserve Chairman Ben Bernanke announced a set of changes yesterday to make the Fed’s decision-making process more transparent.
Federal Reserve Chairman Ben Bernanke announced a set of changes yesterday to make the Fed’s decision-making process more transparent. Starting next week, the Fed will release quarterly economic forecasts, rather than twice-yearly ones, and those forecasts will look three years ahead and include more data. The Fed will not release federal “inflation targets.” (The New York Times, free registration required)
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