Federal Reserve officials will publish economic forecasts quarterly, up from twice a year, and extend the horizon of their estimates, offering what Chairman Ben S. Bernanke called a ”provisional” plan for interest rates.
Central bankers will also add predictions for a price gauge that includes food and energy costs and give a ”fuller discussion” of members’ projections, the Federal Open Market Committee said in a statement in Washington. In a related speech, Bernanke said the overhaul will give the public a better understanding of the Fed’s interest-rate decisions.
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