Federal Reserve tries theater ads to burnish its image
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Spots urging shoppers to use their credit cards wisely will be shown on big screens in 12 U.S. cities. The central bank has long been accused of neglecting its consumer protection duties.
Reporting from Washington – The Federal Reserve isn’t too popular these days, what with its failure to predict or prevent the financial crisis and recession, not to mention its involvement in last year’s bailouts. Rep. Ron Paul (R-Texas) has a bestselling book out called “End the Fed,” and some lawmakers are looking to cut back the central bank’s power.
November 30, 2009