Sec. 401. Findings
100 words·~1 min read·
/bill/113/s/238/is/section-401A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Congress finds the following: A more efficient release of transcripts from the Federal Reserve would result in better guidance for market participants, and hence more economically efficient decision making. According to Federal Reserve Chairman Ben Bernanke, when the monetary policy committee regularly provides information about objectives, economic outlook, and policy plans, two benefits result:
(1)markets will price assets more efficiently, and
(2)a closer alignment between market participants’ expectations about the course of future short-term interest rates and the views of policymakers. The Federal Reserve is able to release transcripts more efficiently without compromising their decision making process.