Why is it important that the FOMC members share their short- and medium-term forecasts for the economy at the FOMC meeting? By looking into the future, the Fed can more accurately set tax rates that will benefit future generations. This forward insight allows the Fed to better execute the Fedspeak tactic when articulating future monetary policy to the general public. When the Fed has insight on future economic conditions, it will be able to better promote the goal of maximum unemployment, stable prices, and moderate long-term interest rates. By looking into the future, monetary policy can more effectively promote the goal of maximum employment, stable prices, and moderate long-term interest rates