26 Transcripts of FOMC meetings are released to the public after a delay of about five years. Federal Reserve Board Governors and Reserve Bank Presidents contribute to the Federal Reserve’s transparency with frequent public speeches and other communications. I believe that support for the Federal Reserve as a public institution is sustained by the public expression of our diverse views.
27 These communications with Congress and the public are critical parts of the Federal Reserve’s institutional accountability and transparency, and are essential complements to its independence. It is important that Federal Reserve officials regularly demonstrate that the Fed has been appropriately pursuing its mandated goals.