The Federal Reserve Gets on Facebook, Greeted by Angry Bitcoiners
The Federal Reserve, the quasi-private governing body of the US monetary system, launched a Facebook page Thursday in its bid to become more transparent and open with the US citizenry. Federal Reserve Gets a Facebook. As intended, and like the social media spaces of its public counterparts, the page so far serves as an informational service. The central....
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With social media on the rise in areas throughout the world, it seems like the Federal Reserve Board is ready to make its presence felt in the online environment, by launching their official Facebook page. During the last couple of years, numerous government institutions in the United States and other countries have new public relations strategies, joining social media networks such as Facebook, Twitter and YouTube. The Federal Reserve Board, which some regard as tight-lipped, has recently announced the opening of their Facebook page. Federal Reserve to Post Reports, Press Releases and....
Comments from Fed chair Jerome Powell could tell bitcoiners how committed the central bank is to staying the course on low interest rates through the rest of the year.
The US Federal Reserve has started its own official Facebook page, which was met with a torrent of trolling. The page, which was uploaded on the 18th of August, was ostensibly created to create a more accessible environment for the people to communicate with the Federal Reserve Board of Governors, according to its first post: Almost instantly, however, libertarian commenters and Bitcoin enthusiasts descended on the page, showering it with all many of mocking comments. Bitcoin, precious metals lead in comments. Within minutes, negative comments began to pour in. A common theme was Bitcoin....
On Friday, May 9th, 2014, the Federal Advisory Council and Board of Governors of the Federal Reserve met for their quarterly meeting in Washington D. C. This meeting was historically held in secrecy until Bloomberg News "won" a Freedom of Information Act request under the Freedom of Information Law requiring the Fed to make the meetings minutes available to the public. The Federal Advisory Council (FAC) is "composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction..." according to the Federal Reserve in....
The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency. Several Digital Dollar Initiatives The president of the Federal Reserve Bank of Cleveland, Loretta J. Mester, outlined the Fed’s work on the country’s central bank digital currency (CBDC) during a speech at the 20th Anniversary Chicago Payments Symposium on Wednesday. Noting that the experience with emergency payments led by the....