Law \ Legal

Fed Really Having Trouble With This Whole Transparency Thing

Given that fate of the American—nay, the global!—economy rests on the decisions of a seven members of the Federal Reserve Board of Governors and five of its regional presidents, it is no wonder that their every public word, no matter how inscrutable, is scrutinized and analyzed beyond the wildest dreams of even the most ambitious Talmudic scholar. After all, the price of everything depends on it, from consumer staples to stocks to gold. And given that the Fed has had some recent issues when it comes to transparency, you’d think it and its leaders would make every effort to ensure that those words had the widest possible dissemination and were not seen to be giving a head’s up to the wealthy, well-connected and powerful.

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