Bernanke Reviews Fed Communications Amid Backlash on Purchases
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Federal Reserve officials are undertaking their broadest review of public communications in three years while confronting backlash from some politicians and foreign governments over a $600 billion monetary stimulus.
Central bankers are weighing whether Chairman Ben S. Bernanke should hold regular press conferences and where to draw the line between confidential policy discussions and officials’ public comments, the Fed said yesterday in minutes of its Nov. 2-3 meeting and an Oct. 15 videoconference held by governors and regional presidents.