Golden Finance reported that Bloomberg columnist Clive Crook suggested that, given the failed communication from the Federal Reserve during the recent December meeting, the review of the Fed's monetary policy framework should seriously consider the idea of eliminating the "dot plot." The Federal Reserve is about to begin a review of its "monetary policy strategy, tools, and communication." This month's rate cut and investors' reactions highlight the need for such a review. Clive Crook believes that one way to address this issue is to reform the economic projections summary, including the elimination of the "dot plot" that predicts future interest rates. The "dot plot" has always been easily misunderstood, to the extent that the Federal Reserve has repeatedly insisted that the "dot plot" is not a plan or commitment, but merely a forecast. In fact, it is not even a forecast in the conventional sense, as it does not express a consensus: it is merely individual officials' self-proclaimed "appropriate" predictions based on their different, and possibly incompatible, beliefs about what is going to happen. (Jinshi)