Fed considers more clarity on interest rate policy

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AP Economics Writer (AP) — Federal Reserve policymakers this month discussed how they could give businesses and investors more information about what might trigger an increase in interest rates. But the Fed held off making any changes, according to minutes of the Nov. 1-2 meeting.

A panel headed by Vice Chairman Janet Yellen is exploring ways to provide more information on future central bank moves. More clarity on interest rate policy could help reassure investors and businesses that rates will stay low.

At its August meeting, the Fed said it planned to keep short-term rates near zero until at least mid-2013, as long as economic growth remained weak.