While the Fed promotes secrecy by not releasing the minutes of the FOMC meetings to Congress or the public immediately, the ECB holds a press conference after each of its meetings. Discuss the pros and cons of each of these policies.
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Step 1: The pros of the Federal Reserve System's approach to promoting secrecy include avoiding conflicts that could arise from misinterpretation or overreaction of the FOMC's actions. Show more…
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