Fed minutes show policymakers will start forecasting direction of key interest rate

WASHINGTON — In a major shift, the Federal Reserve will start updating the public four times a year on how long it plans to keep short-term interest rates at record lows, according to minutes from its December policy meeting.

The first forecast will be included in the central bank's economic projections after its Jan. 24-25 meeting, the minutes said.

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Thomas Erdbrink 04 Jan, 2012
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Source: http://feeds.washingtonpost.com/click.phdo?i=6028da6519c67a92b4691af0217777b2
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