Former Federal Reserve Chairman Ben Bernanke urged the Federal Reserve to provide a more comprehensive explanation of interest rate decisions.

Golden Finance reports that former Federal Reserve Chairman Ben Bernanke calls for the Federal Reserve to provide a more comprehensive explanation of its interest rate decisions to the public, as well as a deeper analysis of potential forecasting scenarios. In remarks prepared for a meeting held at the Federal Reserve's headquarters in Washington on Friday, Bernanke stated: "Publishing specific alternative scenarios and their potential impacts can lead to a subtle but important shift in the Federal Reserve's communication strategy."

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