(Reuters) – The U.S. central bank needs to change the way it communicates its view on the future path of interest rates, a Federal Reserve official said on Tuesday, joining others inside the Fed who are calling for an overhaul of its policy statement.

“I would like to get the commitment to move to something more data dependent. I think that’s really the way to go,” Bullard said in remarks to reporters on the sidelines of a community banking conference here.  Read more