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Fed weighs news conferences in transparency push

April 16, 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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