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U.S. Federal Reserve Joins Twitter

Seeks to Improve Communication with Public

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The U.S. Federal Reserve, the foundation of the world’s largest economy, recently joined Twitter, in hopes of improving its communication with the general public.

The board of the central bank put the Twitter channel “@federalreserve” online, “with the aim of increasing the accessibility and availability of Federal Reserve Board news.” Though, the board asserts that its official website will remain its “primary channel of communication,” and that select announcements “will be tweeted after they are first posted on the website.”

The first tweets concern the latest announcements from chairman Ben Bernanke, concerning the structure of the Federal Reserve:

Watch a video of Chairman #Bernanke explaining the structure of the Federal Reserve. #fed #economy http://t.co/T7G4x1JY 1 day ago via web ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

And here are some first Fed Twitter reactions:

2 @federalreserve I would like you to explain (to me and to other American savers) why interest rates that you set can’t be a little higher. 1 day ago via web ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

@federalreserve You have bankrupted America with your counterfeiting scheme. Next year marks 100 years… time to #EndTheFed 23 hours ago via Twitter for BlackBerry® ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

@federalreserve Hi guys! Got a few mill you can spare? 1 hour ago via web ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

@federalreserve go away 14 hours ago via web ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

It was wise for the Federal Reserve to assert that Twitter would be just a peripheral to its official site, and would not serve as the primary go-to place for big news. Unlike the police department in the U.K. who’d tweeted about the recovery of a missing tween, before contacting the girl’s mother first.

U.S. Federal Reserve Joins Twitter
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  • William E. Dorsey

    Gentlemen: America is still facing a sluggish economy. The Federal Reserve needs to recognize that there are more senior citizens daily who are reluctant to invest in volatile investments other than CD’s. I believe that the Reserve would be quite surprised to see the amount of increased spending on durable goods, etc. if Seniors could recognize a 4-5% interest gain on safe secure CD investments. The unacceptable low interest rates have not resulted in a progressive economy and they have really hurt senior citizens!

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