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Fed To Publish A Forecast Of Rate Moves, Guiding Investors
Submitted by painkilleraz on Thu, 2012-01-05 01:00
“The change in communications policy is part of a broader effort by the Fed’s chairman, Ben S. Bernanke, to improve public understanding of the central bank’s goals and methodology. It formalizes a series of experiments with forecasting that the Fed has made in recent years, beginning with its statement in December 2008 that rates would remain near zero ‘for some time.’
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