Fed Weighs Revamped Monetary Report as Guide to Policy

Federal Reserve officials are discussing whether to start a quarterly monetary policy report to provide a clearer guide to their economic outlook and the likely course for policy.

“We are talking a lot about it,” Philadelphia Federal Reserve Bank President Charles Plosser said in an interview on July 5. “The question is, can we put it together in a way that is coherent and makes sense and improves our communications?”