Report says Bernanke wants more democratic Fed

Federal Reserve chairman Ben Bernanke is trying to depersonalise the Fed by making its decision-making more democratic and easier to understand, The Wall Street Journal reported late on Friday 8 September.

The Journal quoted Mark Gertler, a New York University economist and friend of Bernanke as saying the Fed chairman "wants to associate monetary policy less with the chairman and more with the institution."

For years, the newspaper said, markets hung on every word of former Fed chairman Alan G