WASHINGTON -- Legislation requiring the Federal Reserve to disclose monetary policy changes more quickly may be necessary to stem the flow of leaked information to "a chosen few" by the central bank, a key lawmaker said this week.

House Banking Committee chairman Henry B. Gonzalez, D-Tex., charged in a letter to Fed chairman Alan Greenspan that such leaks "cause instability in the financial markets and general economic uncertainty that reduces real investment."

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.