Tags: San | Francisco | Fed | Openness

San Francisco Fed President Williams Favors Further Openness

Tuesday, 10 Apr 2012 10:06 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The head of a regional Federal Reserve bank says the Fed should consider taking further steps to be more publicly transparent.

John Williams, president of the San Francisco Fed, says he would favor requiring each Fed official to spell out his or her forecast for where interest rates are headed. Those forecasts could then be connected to each member's predictions for economic growth, unemployment and inflation.

"It could be useful to connect the dots for the public," Williams said in an interview with The Associated Press.

Currently, the Fed reveals the forecasts of members of its policymaking committee. But it doesn't say which official made each forecast.

Under Ben Bernanke, the Fed has made public openness a priority. Bernanke, for example, is the first chairman to hold quarterly news conferences.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved