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Bernanke congratulates himself for transparency while Fed hides gold records
As retiring Federal Reserve Chairman Ben Bernanke congratulates himself on his administration's supposed transparency, why is the Fed refusing to disclose its records about gold? And why are financial journalists just regurgitating the Fed's public-relations slop instead of demanding to see those records?:
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As His Term Nears Its End, Bernanke Lauds Fed's Transparency
By Jonathan Spicer
Reuters
Wednesday, November 13, 2013
WASHINGTON -- The more steps the Federal Reserve takes to openly explain its policy decisions to the public the more legitimate and effective the U.S. central bank will be, Fed Chairman Ben Bernanke said on Wednesday. ...
At a Teacher Town Hall Meeting on the 100-year history of the Fed, Bernanke said that until the 1990s policymakers were reluctant to publicly explain their decisions in part because they thought doing so would diminish the effectiveness of policies. ...
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But "a more open Fed ... is both a more effective and more democratically legitimate institution," Bernanke said in remarks prepared for delivery at the event.
"The complex challenges we face as a nation are best addressed in an environment of informed public discourse, which is only possible when policy decisions are made in as transparent a way as possible.
"Increasing the Fed's transparency, openness and accountability has been one of my top priorities as chairman," Bernanke said. ...
... For the complete story:
http://www.reuters.com/article/2013/11/14/usa-fed-bernanke-idUSN9N0AR01B...
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