Former Chairman Bernanke urges Federal Reserve to provide more comprehensive explanation on interest rate decisions

On May 17th, former Federal Reserve Chairman Ben Bernanke called for the Fed to provide the public with a more comprehensive explanation of its interest rate decisions and a more in-depth analysis of potential forecast scenarios. In his prepared speech for Friday’s meeting at the Federal Reserve headquarters in Washington, Bernanke said, “Releasing specific alternative scenarios and their potential impacts can drive a subtle but important shift in the Fed’s communication strategy

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