Since the financial crisis the Fed has tried to increase its transparency by communicating its intention more clearly.Which of the following is not one of the approaches employed by the Fed in this open communication policy?
A) following FOMC meetings,the FOMC notes its federal funds rate target
B) in its post-meeting statement,the FOMC now communicates its bias for future interest rate direction
C) the FOMC records its meetings and makes the audio recording available to the media following every meeting
D) the FOMC is now providing meeting minutes three weeks after their meeting
E) after about half of the FOMC meetings,the Fed chair holds a press conference
Correct Answer:
Verified
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A)prime