Core tip: The FOMC has imposed new restrictions on itself and extended the “sealing period” before the monetary policy meeting. During the “lockdown period,” Fed officials cannot publicly discuss monetary policy. The way the Fed presents its quarterly macroeconomic forecasts will also change. The Fed’s future economic forecasts will include a fan chart designed to illustrate the level of uncertainty in each FOMC member’s forecast.
The Federal Open Market Committee (FOMC) imposed new restrictions on itself, extending monetary policy The “sealing period” before the meeting.
During the “sealing period”, Fed officials cannot publicly discuss monetary policy.
According to a revised external communication policy document released on Thursday (February 23), the start date of the “sealing period” of FOMC members has been advanced by three days, and the end date has not changed.
The way the Federal Reserve presents its quarterly macroeconomic forecasts will also change. The Fed’s future economic forecasts will include a fan chart designed to illustrate the level of uncertainty in each FOMC member’s forecast.
