THE FED TWEETS

The Federal Reserve, that august body known for vague pronouncements on its control of the U.S. money supply, now has a Twitter account. When we last checked, it had almost 15,000 followers.

Go to Twitter.com/FederalReserve to see what the Fed is up to. We clicked on a tweet and got a video called “What is the Fed?” The Twitter account is a pet project of Chairman Ben Bernanke. He’s aiming for more openness, a nice change from the previous chairman, Alan Greenspan, who once told “60 Minutes” that when he talked to Congress, “it sounded like I was answering the question but I was not.”

By the way, almost everything the Fed has to say affects Treasury bonds. You might also want to follow  Bill Gross, who heads up the world’s largest bond fund, at twitter.com/pimco.

Comments are closed.