Comments on: Selective transparency at the Fed Shining a light on the dismal science Wed, 16 Nov 2016 01:39:19 +0000 hourly 1 By: DavidMerkel Wed, 18 Apr 2012 14:09:21 +0000 “We interpret disclosure as providing information, while transparency arises when the information is effective in reaching the market, being adequately interpreted and used.”

In other words, transparency only happens when you agree with the Fed’s all-knowing interpretation. If we give you the data before you would be likely to agree with us, that would be opaque disclosure.