Fed Forward Act: Boosting Transparency and Accountability of the Federal Reserve.
This act increases how often and how clearly the Federal Reserve communicates with the public. It means you'll get faster and more frequent updates on interest rate decisions and the economy, helping you make better personal and business financial choices. Citizens will gain better insight into the central bank's actions.
Key points
The Federal Reserve will announce interest rate decisions and economic updates every 8 weeks, instead of just four times a year.
After each meeting, there will be a press conference, and meeting minutes will be released within 21 days.
The Federal Reserve will publicly review its monetary policy strategy every 5 years and release a financial stability report every six months.
Status:
Introduced
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