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Fed weighs news conferences in transparency push

April 16, 2009
Reuters
4/15/2009

Officials at the U.S. Federal Reserve have discussed holding regular press briefings to help improve public understanding of unusual actions by the Fed in times of crisis, a Fed official said on Tuesday.

Press conferences have been weighed among other ideas, the official said. The Fed has sought during recent upheaval to explain its actions to a broader public, the official said, citing Chairman Ben Bernanke’s recent television interview and willingness to take questions from reporters after a speech.

The Fed also took the unusual step on Tuesday of publishing excerpts of Bernanke’s speech Tuesday at Morehouse College in Atlanta in a newspaper, USA Today.

The story continues …..

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