Wednesday, February 24, 2010

Fed Backs Law to Audit Emergency-Loan Programs, Bernanke Says - Bloomberg.com

The Fed is the single most transparent central bank in the history of the world.

Compare US monetary reporting to any other country and you'll see why the US is the favored place to invest the majority of your assets.

We all dabble in emerging markets, but our money lives in the US.

* * * * * J B K * * * * *

San Francisco

"On matters related to the conduct of monetary policy, the Federal Reserve is already one of the most transparent central banks in the world," Bernanke said in prepared remarks to the House Financial Services Committee. He plans to appear tomorrow before the Senate Banking Committee.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a4Vhl8tdMr70&pos=2