I encourage newsmakers to talk whenever they want to — or even when they would rather not. An informed public is a good thing, after all.
But Paul La Monica, assistant managing editor for CNNMoney, makes an interesting case for tell Federal Reserve Chairman Ben Bernanke to clam up.
Bernanke and the Fed deserve credit for helping “save the U.S. economy from a fate that could have been much worse in 2008.”
But the markets would be better off without the Fed’s new “transparency” policy, La Monica says.