01/23/2012 09:06 am ET

Federal Reserve Wants You To Know Exactly What It's Doing

WASHINGTON -- The Federal Reserve, which does not like to surprise financial markets, has worked unusually hard to prepare the public for the changes to its communications policies that it plans to introduce on Wednesday.

Ben Bernanke, the Federal Reserve chairman, is focusing on improving Fed communications with the economy out of crisis mode.
While the changes could make it easier for the Fed to move ahead with another round of asset purchases later this year, by helping to explain why the economy needs additional stimulus, officials have indicated that any such plans remain on the back burner, and may stay there so long as the economy continues to recover.

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