Bullard Says Fed Forecast Step Toward Transparency, Not Panacea
By Vivien Lou Chen and Joe Whittington -
2012-01-13T19:21:44Z
Federal Reserve Bank of St. Louis President James Bullard said the central bank’s decision to release projections for the path of the federal funds rate is “no panacea,” while a step forward in transparency.
“It’s not going to be perfect” because “you still have 17 possible paths,” he said in response to audience questions today after a speech in St. Louis, referring to the 17 projections from Fed officials. “I think it will be a little bit helpful” and yet it is “no panacea.”
To contact the reporters on this story: Vivien Lou Chen in San Francisco at vchen1@bloomberg.net
To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net
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