TITLE

Recent Changes in FOMC Communication and the Committee's Updated Projections

PUB. DATE
April 2013
SOURCE
Economic Trends (07482922);Apr2013, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the move of the Federal Open Market Committee (FOMC) to extend its usual post-meeting statement to provide unprecedented forward guidance on the future path of the federal funds rate in the U.S. It states that the FOMC lowered its federal funds rate to one percent in June 2003 and has taken up several measures to extend the guidance on its policies. Moreover, the agency also provides more explicit and date-based guidance approach on the funds.
ACCESSION #
88014406

 

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