Yellen Seeking New Low-Rate Guidance Can Turn to Fed Forecasts

As Janet Yellen seeks to forge a consensus on a new strategy for communicating the Federal Reserve’s intention to keep rates low, she can reach for a six-year-old old tool: the Fed’s quarterly forecasts. Policy makers plan to abandon their promise to hold interest rates near zero at least as lon…

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Yellen Seeking New Low-Rate Guidance Can Turn to Fed Forecasts

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