WASHINGTON — St. Louis Federal Reserve Bank President James Bullard Monday spoke out in favor of the central bank releasing a quarterly report that incorporates official's economic outlooks in the context of the risks facing the economy, arguing that it would better inform the public as to the economy's likely direction.

Writing in the St. Louis Fed's April publication of "The Regional Economist," Bullard said a quarterly monetary policy report "could potentially provide a more complete discussion of the state of the U.S. economy and the likely direction going forward."

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