San Francisco Fed chief opens new transparency frontier

San Francisco Fed chief John Williams, besides revealing what his favorite songs and artists are, is opening a new frontier on central bank transparency.

In a move fitting to the cause, he announced on the SF Fed's blog he would have all his speeches streamed live on the official website.

Open and transparent communication is a cornerstone of effective monetary policy, and technology keeps giving us new ways to reach the public. In that spirit, I’m pleased to announce that the Federal Reserve Bank of San Francisco will begin livestreaming my public speaking engagements whenever possible.

It's important to me that the decisions we make about monetary policy, the research we undertake, and the way we see the economy unfolding are as accessible as possible to the public. While some Fed watchers and policy mavens will still look to text, others may find they prefer the access and availability of online streaming. In any event, it's just one more step we're taking to ensure that the dialogue with the public stays open, relevant, and adaptable.

I guess Williams is the world's first central banker to commit to have all of his public pronouncements streamed live online.