(Reuters) – The Federal Reserve is making key changes to how it shares information about policymakers’ outlooks for interest rates and the economy by releasing more information immediately after its policy-setting meeting.
Starting with the December meeting, the Fed will release more information at the time of its policy announcement, including details about the distribution of forecasts among participants, Fed Chair Jerome Powell said Thursday. Those materials were previously not released until three weeks later along with the meeting minutes.
The changes should “provide a timely perspective on the risks or uncertainties that surround the modal or baseline projections,” Powell said, “thereby highlighting some of the risk management considerations that are relevant for monetary policy.”
The information will also include two new graphs to show how participants’ assessments of uncertainty and risks have changed over time, Powell said.
(Reporting by Jonnelle Marte; Editing by Andrea Ricci)
