The Fed's Sleazy Idea Of "Transparency"

Note: I can't find the original version of the NY Times article by exploring the links, except the original sentence is on the NY Times page describing the Fed, and in this article in the Boston Globe (potentially the original). Confirming Aaron's observation, Adam Clark Estes, wrote in The Fed Wants More Power

"The Federal Reserve is preparing to open its kimono a bit wider in order to offer more information to investors, in an effort 'to magnify the power of those actions by shaping the expectations of investors,' The New York Times explains. Reporting on some details from an internal meeting in December that were made public on Tuesday afternoon, Benyamin Appelbaum offers the broad strokes of the Fed's plans 'to publish a forecast of its own actions:

'The change in communications policy is part of a broader effort by the Fed’s chairman, Ben S. Bernanke, to improve public understanding of the central bank’s goals and methodology. …The Fed said that it would now publish information about the expectations held by members of that committee for the future path of monetary policy over the current year and the following two years'..." Keep reading here.

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