WASHINGTON (AP) — The Federal Reserve says it is tightening the security procedures in place when it releases information to reporters.
In a statement, the U.S. central bank says the additional controls will start with next week's meeting and were put in place after consultations with news organizations. The measures include holding a lockup at the Federal Reserve, where transmission of the news will be over data lines controlled by the central bank.
The Fed says it believes the measures will protect against the premature release of the decisions made by its interest-rate setting panel.
It made the change after concerns were raised about suspiciously heavy trading of gold futures following its last meeting on Sept. 18-19. There were worries that the trading was triggered by the premature release of market-sensitive Fed information.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Most Popular Stories
- Toxic Algae Threatens Florida Fishing, Tourism
- Hispanic Groups Lead Voter Registration Drive
- Eva Mendes Gives Birth to a Baby Girl
- Plus-Size iPhones Live Up to The Hype
- Fed Signals It Will Keep Key Rate at Record Low
- FedEx Adding 50,000 Holiday Jobs
- Stocks Rise Before Fed Statement
- Occupy Wall Street Buys Up Student Debt
- Cool Features on Today's New iOS 8
- Kohl's Hiring 67,000 for the Holidays