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Fed should better safeguard economic data, internal watchdog says

The Fed provides on embargo its most market-sensitive information – ranging from the Federal Open Market Committee’s statement on monetary policy and policy meeting minutes to monthly data on industrial production and consumer credit – to vetted members of the press, including Reuters journalists, in a secured room on Fed premises. Reporters must surrender cell phones and other electronics and pass through a metal detector before entry to the room, where they can write news stories for publication when the embargo is lifted and the Fed restores communications to the outside world.

Quoted from Fed should better safeguard economic data, internal watchdog says on Gadgets News Headlines – Yahoo! News

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