Fed To Investors: Let's Be Fair!

NY Fed to Release Its Surveys of Primary Dealers ... The Federal Reserve Bank of New York said Friday it will release to the general public surveys of primary dealer banks done in advance of each monetary policy meeting. The move is apparently a response to an article in the Wall Street Journal that said interactions central bankers were having with market participants were giving clues about the future of monetary policy, and potentially creating an unfair playing field as a result. Primary dealer banks are an elite roster of financial institutions that deal directly with the central bank. They participate in the buying, selling and borrowing of bonds that comprises the conduct of monetary policy, and they also underwrite Treasury debt auctions. – Wall Street Journal

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