Daily News: November 19, 2012

Bloomberg: Fed Push to Tie Rate to Economic Goals Faces Doubt

Bloomberg reported that two Federal Reserve regional bank presidents signaled opposition to a proposal to sharpen monetary policy by linking the Fed’s zero-interest-rate forecast to economic indicators.

The article added that the remarks by the Fed regional bank chiefs underscore the hurdles central bankers face as they seek to forge a consensus on new ways to communicate the outlook for policy. Measures such as inflation and the unemployment rate could augment or replace the current statement that officials expect low rates through at least mid-2015.

To read the full Bloomberg article, click here.