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I wonder how this will play out. Not sure how the culture in a central bank will mesh with the more anarchic culture of the blogosphere. (I notice that comments are off, at least so far). But I agree it's worth them trying it, to see how it goes.

Yep on the one hand it is another forum to jawbone. On the other, allowing more voices to be public will reveal the internal frictions and may well vitiate their abilities to conduct policy.

As Greenspan said, the board expects good policy to work. Maybe they will restrict themselves to posts knocking down the opposite view.

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