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Fed Minutes Show Plans to Alter Monetary Policy Communications
By jturbin
The latest Fed minutes, a recap of the December 2011 Federal Open Market Committee (FOMC) meeting, revealed that the U.S. central bank is making several noteworthy changes to the manner in which it communicates its monetary policies decisions to the general public.
One change involves “incorporating information about participants’ projections of appropriate future monetary policy into the Summary of Economic Projections (SEP), which the FOMC releases four times each year,” according to the Fed minutes.
