The Federal Reserve Board gathered to discuss "medium-term monetary policy" hours before the Fed's broader policymaking group began its regular two-day meeting on Tuesday, a hint that changes to the U.S. central bank's exit strategy may be in the offing. Closed Fed board meetings are common, but of more than 100 such meetings since 2009, only six have involved monetary policy discussions, according to meeting notices posted on the Fed's website. The last time the Fed board held a meeting on medium-term monetary policy was in December 2011. The following month the Fed's policy-setting panel formally adopted an ... (full story)