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Federal Reserve close to outlining plan to clarify direction of interest rates

Published 12/12/2011, AP Economics Writer

A Fed policy meeting Tuesday will likely focus, in part, on an evolving plan to reveal the direction of interest rates more explicitly. The Fed may decide, for example, to regularly update the public on how long it plans to keep short-term rates at record lows. The new communications strategy could be unveiled as soon as next month. The new communications strategy could be unveiled as soon as next month.

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