Fed mulling regular press conferences

Official says the central bank is considering all aspects of its communications.

EMAIL  |   PRINT  |   SHARE  |   RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

WASHINGTON (CNN) -- A Federal Reserve official tells CNN that the Fed has not ruled out the idea of having regular news conferences to discuss monetary policy and other issues.

The official says the Fed is thinking carefully about all aspects of its communications, and that news conferences are among the ideas that have been raised although no decisions have been made. The idea was first reported in a Wall Street Journal online article Tuesday evening.

The official noted that Federal Reserve Chairman Ben Bernanke has already done a "sort of" news conference at the National Press Club, where he took some 30 minutes of questions from reporters at a recent appearance.

By comparison, the head of the European Central Bank speaks at a news conference following each ECB interest rate announcement.

Bernanke has also done long question-and-answer sessions following many of his speeches and he has appeared on CBS' "60 Minutes."

The official noted that the Fed has added a significant new section of its Web site in an effort to communicate very clearly and broadly during the current economic situation

But for now, there has been no decision on regular news conferences, says the official, who spoke on background because the official was not authorized to comment on the record.

-- From CNN's Scott Spoerry To top of page

They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Worry about the hackers you don't know 
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.