Fed's Improved Communications Eyed

WASHINGTON (AP) - Don't look for any change in interest rates from the Federal Reserve, which is wrapping up a two-day policy-setting session today.

It has signaled that rates will remain at record lows for at least a couple of years.

However, in a new effort aimed at greater transparency, the Fed's policy-setters plan to forecast the direction of rates. The guidance will accompany the Fed's usual quarterly predictions of growth, unemployment and inflation.

The new hints about rates are part of a Fed drive to make its communications with the public more transparent. The more immediate goal is to assure consumers and investors that they'll be able to borrow cheaply well into the future.

 

 

 

 

 

First Coast News