Bernanke is taking a different approach to communication as chair of the Federal Reserve. According to a NY Times article today, Bernake is “Barnstorming”. He is actively communicating with the public about the purpose and the strategies of the central bank. He has appeared on 60 Minutes and hosted a town hall forum on Kansas, MO.
I welcome this new ‘open’ communication and think it is beneficial to the American people. Transpancy is a must for regain trust and educating people on the process will also help. True, he may be politically motivated since his term is up in January, but regardless of the motive, the benefit of open communication is still there.