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article imageFederal Reserve launches Twitter channel, Tweet monetary policy

By Andrew Moran     Mar 14, 2012 in Business
New York - The Federal Reserve will now start Tweeting monetary policy. The United States central banking system announced that it has established its new Twitter channel, @federalreserve. What will you Tweet to Chairman Ben Bernanke?
Now supporters of Texas Congressman Ron Paul can send thousands of 140-character Tweets to the Federal Reserve and its Chairman Ben Bernanke. Paul voters, as well others concerned with the nation’s monetary system, will be able to send short messages to the century-old central bank.
The Federal Reserve announced in a press release Wednesday that it has launched a Twitter channel to provide the public with important monetary news and expand accessibility and availability of the Federal Reserve Board.
Although the Board’s website will be the primary channel of communicating information, announcements on @federalreserve will include reports to Congress, press release, testimony and speeches. It will also Tweet Board videos and frequently asked questions.
“Welcome to the official Twitter channel of the Board of Governors of the Federal Reserve System,” @federalreserve stated in its first Tweet.
Within hours of the channel’s launch, the Federal Reserve account has garnered 5,000 followers. It is following 18 Twitter accounts, including the United States Securities and Exchange Commission, multiple Federal Reserve banks, the Treasury Department and the Federal Trade Commission, and it has published five Tweets.
This latest move comes as Bernanke is attempting to be more open to the general public. Last year, he announced that he would be holding quarterly televised news conferences. These briefings can be found at www.federalreserve.gov.
He is also making special appearances across the United States. Bloomberg News noted that he is a teaching a four-part lecture series at the George Washington University at the end of March and he made a speech at a military base in Texas.
The key question is: how many anti-Fed individuals will send Tweets to Bernanke and his Board?
More about Federal reserve, Twitter, Ben bernanke, Monetary policy
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