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.
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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 bank writes in its press release:
“The Federal Reserve Board launched a Facebook page on Thursday with the aim of increasing the accessibility and availability of Federal Reserve Board news and educational content.
Posts will include press releases, speeches, testimony, reports, educational materials, frequently asked questions, photos, and videos.
With the launch of its Facebook page, the Board now shares information on five platforms including Twitter, YouTube, Flickr, and LinkedIn.
The Board’s website, www.federalreserve.gov, will remain its primary channel of communication. Selected announcements will be shared on Facebook after they are first posted on the website.
For media inquiries, call 202-452-2955.”
Among the first posts by the Federal Reserve is an overview of how the system works:
In another post, the nation’s central bank outlines its mission to “Promot[e] the stability of