Fed needs quarterly monetary policy report, Bullard says
St Louis president argues for better Fed communication when it comes to monetary policy decisions
The president of the Federal Reserve Bank of St Louis has argued for the Federal Reserve to issue a quarterly monetary policy report, to improve the central bank's communication when it comes to policy decisions.
James Bullard, in his most recent 'president's letter', says it would be a good idea for the Fed to specify a monetary policy rule that it would follow in adjusting the key policy rate.
"Monetary policy rules have been and will continue to be useful as guides for conducting monetary
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