More Central Bank Transparency Is Inevitable

(Before It's News)

from The Daily Bell

Giving the Fed a hard time might have a point … The transcripts of the highly significant 2009 meetings of the monetary-policy-setting Federal Open Market Committee are out today, after a five-year delay, and generating lots of headlines. These transcripts, and their release schedule, are as best I can tell unique in American government. They’re also very valuable. The five-year delay is long enough that participants don’t have to worry about their statements affecting markets or exposing them to immediate criticism, but short enough that the transcripts are often still relevant to current debates. – Bloomberg

Dominant Social Theme: Criticizing the Fed will create a healthier one.

Free-Market Analysis: Bloomberg has been running a series of editorials defending the Federal Reserve and criticizing those who are supporting various congressional bills to pry it open. This article is a little different because it takes the position that some additional sunlight could be a positive thing.

Continue Reading at TheDailyBell.com…

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