Fed Chair Ben Bernanke has decided to release senior officials' short-term interest-rate forecasts, opening a window into the collective mind of the Federal Reserve. The forecasts will be released after the next meeting of the Federal Open Market Committee on January 25. It will include forecasts for the "likely timing" of the first hike of the federal funds target rate and "qualitative information" on the Reserve's war chest of bonds and securities. The Fed likely hopes that by releasing this data, it can encourage much-needed economic growth by guiding investors' expectations and staving off worries about interest-rate changes.
- How to Save the Global Economy: Whip Up Inflation. Now. Foreign Policy
- Greece: We Could Exit Euro in Three Months The Guardian
Obama Opens Election Year Focused on Pitching Message on Economy Bloomberg Businessweek
- New Study Shows Architecture, Arts Degrees Yield Highest Unemployment The Washington Post
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