Bernanke: Fed looking "very carefully" at policy thresholds
WASHINGTON Nov 20 (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday that adopting numerical thresholds for unemployment and inflation could be a "very promising" step to develop the Fed's communication strategy, but stressed that it was still under discussion.
"This is something we are looking at very carefully," Bernanke told the New York Economic Club after delivering a speech, noting that it would help guide public expectations about future Fed policy and the outlook for the U.S. economy.
"This is a very promising direction, we continue to look at it," he said.
- India trims perks for U.S. staff in dispute over envoy's New York arrest |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Mega Millions lottery winning tickets sold in California, Georgia |
- The Fabulously Entrepreneurial Life of Ronnie Biggs