WASHINGTON - Federal Reserve Board Chairman Alan Greenspan has rejected the suggestion of a top banking legislator that the Federal Open Market Committee videotape the closed-door meetings it holds to set monetary policy.

In October, House Banking Committee Chairman Henry B. Gonzalez, D-Tex., called on the Fed to begin videotaping the sessions, saying the agency "must shed its traditional policy of secrecy." Gonzalez suggested a tape be made available to the public 60 days after each meeting.

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.