Federal Reserve Bank officials are considering whether to hold regular news conferences, people familiar with the matter tell the Wall Street Journal.
“I think it is important for the public to understand what is going on and to know that the government is trying to solve the problem,” Bernanke said in an interview. “They should know we have a plan and strategy.”
The Fed Chairman has recently expressed a greater desire to educate the public about the Fed’s activities, noting in recent speeches that the Federal Reserve has become more open than in recent decades.
He has previously promised to give more detailed forecasts for the public. He has also noted that in the last decade the Fed began to issue public declarations of its money policy determinations after meetings of the Federal Open Market Committee.