The Fed's Image-Control Has Come a Long Way

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Since the Federal Reserve took dramatic measures to calm the financial crisis in 2008, it has made a significant effort to assure Americans that it's working in their best interest -- not just for big banks. Its latest attempt includes quarterly press conferences held by the chairman. Recent polling indicates that the public remains unconvinced, however. Many people still don't like the idea of a group of central bankers sitting around and controlling the nation's money supply.

Even if their public relations efforts aren't achieving widespread approval of the Fed's actions, they have come a very long way. The New York Fed provides some amusing posters from the mid-1920s on its website of the sort of thing the Fed used to have to rely on. Here's my favorite:

fed poster.gif

Something tells me Rep. Ron Paul (R-TX) wouldn't find these posters very compelling either.

See all five a the New York Fed.

(h/t: Real Time Economics)

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Daniel Indiviglio was an associate editor at The Atlantic from 2009 through 2011. He is now the Washington, D.C.-based columnist for Reuters Breakingviews. He is also a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. More

Indiviglio has also written for Forbes. Prior to becoming a journalist, he spent several years working as an investment banker and a consultant.
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