IMF looks forward to engaging with Fed on its review of communications, forward guidance


WASHINGTON, July 9 (Reuters) – The International Monetary Fund on Thursday said ‌it looks forward to engaging ‌with the U.S. Federal Reserve on the ​results of its planned review of forward guidance and how it communicates about monetary policy.

IMF spokesperson Julie Kozack ‌repeated recent ⁠remarks by senior IMF officials who said forward guidance ⁠had been a useful tool for central banks, particularly when interest rates ​were essentially ​at zero, ​but said it ‌was natural for them to review their approach now that rates had come up.

“With respect to the Fed in particular, they have talked ‌about setting up a ​task force to ​look at ​communications, and we very ‌much look forward to ​engaging with ​them on the findings of the task force and on their ​thinking ‌about how communications can be adapted,” ​Kozack told a regular briefing.

(Reporting ​by Andrea Shalal)



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