While the Federal Open Market Committee policy statement is "consistent with an appropriately accommodative monetary policy strategy," the panel leaves "uncertainty about the Committee's likely course of policy choices when the recovery is more advanced," according to Federal Reserve Bank of Minneapolis President Narayana Kocherlakota.

"The Committee could better achieve its policy goals if it were to reduce this uncertainty through communicating more information about its likely reactions to additional economic eventualities," Kocherlakota said in a statement Monday. "In my view, the Committee could better achieve its goals by augmenting its communications to provide the missing clarity."

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