WASHINGTON, Nov 14, 2007 (AP) -- The Federal Reserve will issue more economic forecasts each year, provide more information in them and take other steps to improve the central bank's communications with Wall Street and Main Street, Fed Chairman Ben Bernanke announced Wednesday.

Specifically, the Fed's economic projections will be released four times a year, rather than the current twice a year. The projection horizon will be extended to three years from two years. The forecasts, which have been made for nearly 30 years, will continue to include the pace of economic growth, the unemployment rate and inflation. However, more details about Fed policymakers' thinking about future economic conditions and risks to their outlook will accompany the projections.

The first expanded set of projections will be released Tuesday together with the minutes of the Fed's October meeting, Bernanke said.