Wednesday, April 15, 2009

Fed press Confernces?

The snarky blog LoLFed scans a report from Reuters saying that the Federal Reserve is considering holding more regular press conferences. While such press meetings seek to improve communications with the general public, I'm not convinced they will add a lot. The Federal Reserve, for all it's opacity, has already added a great deal to the information it releases this year. It even put out an extensive web overview of how it conducts monetary policy and its host of new liquidity facilities.

Besides today is Beige Book day. At 2pm, the Fed will release an almost 50 page document on regional economic activity across the country. The total number of readers, probably about a dozen. I'm not sure that Fed press conferences would be any more popular.

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