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Fed Misses Investigation Deadline On "Inadvertent" Release Of March Minutes

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It appears the Federal Reserve's has not had enough time to figure out just who to blame or how to wriggle out of the situation that the March minutes were prematurely released to pretty much everyone that matters in the TPTB. As Reuters reports, the Fed's Office of Inspector General said it would miss the deadline on the investigation - offering no reason why the deadline will be pushed back three months.

 

Via Reuters,

In a slip the Fed said was accidental, a member of staff emailed minutes of its March policy meeting to over 100 congressional staffers and bank lobbyists on Tuesday, April 9, around 24 hours ahead of the scheduled release.

 

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The Fed's Office of Inspector General said it pushed back the completion date of the probe until end-September from the end of second quarter. It made the disclosure in a regular update of work in progress.

 

Officials in the inspector general's office were not immediately available to clarify why the date was pushed back three months.

 

The Inspector General is looking into how the minutes are distributed to staff and to "evaluate the Board's management controls to prevent the early release."


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