New Fed Chair Might Run a More Open Bank
· Story link The Associated Press reports that Federal Reserve Chair nominee Ben Bernanke would likely run a more open…
The Associated Press reports that Federal Reserve Chair nominee Ben Bernanke would likely run a more open and candid central bank by setting public goals on inflation and giving the public clearer signals on interest rates and economic conditions. That would help shape both public and investor reactions. Outgoing Fed Chairman Alan Greenspan believed in holding his cards close and never liked setting public inflation targets. (10/27/05)