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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (293897)	7/13/2006 2:07:40 AM
From: tejek	Respond to of 1573850

Over the past twelve years, though, the Fed has been disclosing more information. In 1994, it began announcing publicly whether it had decided to raise interest rates. (Before then, the market simply had to figure out on its own what the Fed was doing.) In 1999, it started including in its statements language that laid out its appraisal of the current state of the economy. And in 2004 it sped up the release of the minutes of its meetings. Few, if any, investors thought these moves were ill-considered. So why does Bernanke’s penchant for openness have everyone so agitated? I certainly am all for transparency and I definitely, don't want to go back to a time when you had to guess whether the central bank had raised the interest rate or not. Wow......I never knew that. However, that doesn't mean I think Bernanke can go around spouting off whenever he feels like it or at a dinner party with Maria B. Personally, I think the markets are down 10-15% lower then they would have been had Bernanke or one of his minions not mouthed off everyday for a month.