Fed-Bashing, Transparency and Transcripts

The story of the Federal Open Market Committee's transcripts reveals the good side of Congressional pressure.

Giving the Fed a hard time might have a point.

Photographer: Luke Sharrett/Getty Images)

The transcripts of the highly significant 2009 meetings of the monetary-policy-setting Federal Open Market Committee are out today, after a five-year delay, and generating lots of headlines.

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