The Federal Reserve Bank is known for not giving out much information except some statements explaining any new decisions it has made. However, breaking from tradition, the Fed held a press conference today. Why?
It seems that the reasoning for this was public relations more than anything else. The Fed has taken some heat from some politicians in the midst of the recent recession and it appears that the Fed is taking new steps to try and repair any damage its image may have taken from the general public.
Source: New York Times