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)
The Bottom Line
November 15, 2007
Try 4 Risk-Free Issues of The Week magazine.
of The Week magazine.