WASHINGTON: The Federal Reserve System's decision to publish members' predictions about short-term interest rates has drawn praise from PR agency executives. However, other experts contend the move towards transparency doesn't go far enough.
The Federal Reserve will publish its first forecasts using the new system on Wednesday, following a two-day meeting of the Federal Open Market Committee, which sets policy for the central bank. The committee is also reportedly considering the publication of agency goals for the pace of inflation ...