US Fed joins Twittersphere

The US Federal Reserve, the financial backbone of the world's biggest economy, said Wednesday it would try its hand at Twitter to improve communications with the public.

The central bank's board launched its official Twitter channel -- @federalreserve -- "with the aim of increasing the accessibility and availability of Federal Reserve Board news," its said.

The jump into the wildly popular social media stream, however, was by no means a slight to the board's website, www.federalreserve.gov.

The website will remain the board's "primary channel of communication," while selected announcements "will be tweeted after they are first posted on the website," it said.

The first Fed tweets refer to the latest remarks from Fed chairman Ben Bernanke, the results of a study on mobile banking, and Bernanke's lecture series slated for George Washington University on March 20-29.

Other tweets will deal with its press releases, monetary reports, speeches, and testimony.

While a first for the Fed's board, 10 of the Fed's 12 regional districts have been tweeting for some time. The Dallas Fed and the Kansas City Fed, covering a broad central swath of the country, have yet to join the Twittersphere.

Loading...
  • COMMENT: A thin fine line
    COMMENT: A thin fine line 16 hours ago

    COMMENT The concept of sub judice contempt for ongoing court cases is an important one; it is in place to ensure that proceedings can be as objective as possible, rather than swayed by the court of … More »

  • Microsoft boss defends Xbox One price Tue, Jun 18, 2013

    Sony was E3’s big winner in large part because of the company's decision to price the PlayStation 4 at $399, a full $100 cheaper than Microsoft’s upcoming Xbox One. But the man in charge of Xbox … More »

  • Charity begins at home and in your workplace
    Charity begins at home and in your workplace Mon, Jun 17, 2013

    Photos: Government subsidised rental homes in Singapore. Mr M, 47, is a former senior sales and marketing manager at an electronics MNC for nine years before he was retrenched in 2009. Married with a … More »

  • New MDA licensing rules: Finding a way forward

    New MDA licensing rules: Finding a way forward

    New MDA licensing rules: Finding a way forward

    COMMENT More than 2 weeks since the announcement of new Internet regulations, the public is still none the wiser. Even foreigners and foreign organisations which might be affected by the new rules are still trying to understand the licensing regime. … Continue reading →

  • Singapore, Malaysia choking on haze from Indonesia

    Singapore, Malaysia choking on haze from Indonesia

    Singapore, Malaysia choking on haze from Indonesia

    Singapore urged Indonesia on Monday to take "urgent measures" to tackle its forest fires as severe air pollution blown from Sumatra island choked the densely populated city-state.

  • Singapore, Indonesia tussle over haze problem

    Singapore, Indonesia tussle over haze problem

    Singapore, Indonesia tussle over haze problem

    Smog from forest fires in Indonesia stayed at unhealthy levels in Singapore on Tuesday as the two neighbours blamed each other for the seasonal problem.