At its December meeting, the FOMC also recast its forward guidance to clarify how the target for the federal funds rate is expected to depend on future economic developments.
Raghuram Rajan: The five Pillars of Reserve Bank of India’s financial sector policies Speech by Dr Raghuram Rajan, Governor of the Reserve Bank of India, at Bancon 2013, Mumbai, 15 November 2013. *  *  *  Good evening. I thank the organisers for inviting me.