Ex-Richmond Fed official calls for greater FOMC transparency

The Federal Reserve should publish its Tealbook and transcripts from meetings of its rate-setting committee as soon as participants have vetted their remarks, Robert Hetzel has argued.

Hetzel, who served at the Richmond Fed for more than two decades and is currently a senior affiliated scholar at the Mercatus Center at George Mason University, wrote in remarks shared with Central Banking that he would like to enhance the transparency and accountability of the Federal Open Markets Committee (FOMC)