WSJ: Change to Fed Communication Strategy Mulled – To State inflation/ Unempl. targets?

Article in Tuesday’s WSJ discussing a clearer communications strategy from the Fed:

Under a new approach being considered by senior officials, the Fed would state how high inflation would have to rise or how low unemployment would have to fall before it would begin moving rates, which have been near zero since late 2008.
“Several of my [Fed] colleagues have advocated such an approach, and I am also strongly supportive,” Janet Yellen,

Fed Leans Toward Clearer Guidance

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