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President Bullard explores how the FOMC has increased the degree of transparency surrounding monetary policy since the 1990s. However, he says that it may be possible to improve FOMC communications further by producing a quarterly report similar to those produced by other central banks. He explains that such a report could potentially provide a more fulsome discussion of the outlook for the U.S. economy and for policy than is currently provided.
Presentation: "The Fed on Pause"