RadioBDC Logo
Digital Witness | St. Vincent Listen Live
THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Fed may offer forecast on rates

Goal is clarity for public on goals

Janet Yellen, the Fed’s vice chairwoman, says that improved communication could help boost the economy. Janet Yellen, the Fed’s vice chairwoman, says that improved communication could help boost the economy.
By Binyamin Appelbaum
New York Times / December 12, 2011
Text size +
  • E-mail
  • E-mail this article

    Invalid E-mail address
    Invalid E-mail address

    Sending your article

    Your article has been sent.

The Federal Reserve’s decision three years ago to reduce short-term interest rates to nearly zero made a splash, both because the Fed had never pushed rates so low and because it said that it planned to keep rates near zero “for some time.’’ Predicting its own future actions was a new step, an experiment in a time of crisis that the Fed has since repeated several times, most recently in August, when it said that it planned to keep interest rates near zero until at least the summer of 2013. Now the technique looks increasingly likely to become a permanent method for influencing economic growth.

For more from BostonGlobe.com, sign up or log in below

To continue, please sign up or log in to BostonGlobe.com

Access the full articles and quality reporting of The Boston Globe at BostonGlobe.com

Sign up

Unlimited Access to BostonGlobe.com for 4 weeks for only 99¢.

Are you a Boston Globe home delivery subscriber?

Get FREE access as part of your print subscription.

BostonGlobe.com subscriber

Click to continue reading this article or to log in to BostonGlobe.com.
  • E-mail
  • E-mail this article

    Invalid E-mail address
    Invalid E-mail address

    Sending your article

    Your article has been sent.