WASHINGTON -- Sixteen top Federal Reserve officials Tuesday vehemently defended the central bank's veiled disclosure of key monetary policy decisions.

In a unified rebuttal to congressional proposals for greater openness, Federal Reserve governors and district bank presidents said that limited and delayed disclosure of their deliberations is needed to ensure flexible, sound decision-making.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.