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Fed to hold media briefings in historic shift

WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke will break nearly 100 years of tradition at the U.S. central bank next month when he begins talking to the media after policy meetings.

The historic shift at an institution known for its secrecy will give Bernanke an opportunity to better inform the public and financial markets on how the Fed intends to maximize growth and keep inflation at bay. It also may help demystify the Fed at a time the central bank faces intense pressure to open up.

http://news.yahoo.com/s/nm/us_usa_fed




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We have Ron Paul to thank for

We have Ron Paul to thank for the new spotlight on the Fed. He should be so proud of his amazing influence on this issue, but he is so humble.

I don't expect though that this little concession will do anything but make people feel good. Ron Paul says the Fed will kill itself and I think he is right.