Fed speakers have focused too much on rate increases: Powell

Federal Reserve policymakers should put less emphasis publicly on the short-term outlook for interest rate increases and more on the economics driving monetary policy and the uncertainty of forecasts, Fed Governor Jerome Powell said on Wednesday. In comments at a Brookings Institution forum on Fed communications, Powell said that a diverse set of views at the Fed, with 12 regional bankers and a Washington-based board who set their own public speaking schedules, helps strengthen the democratic fr