Henry Gonzalez, D-Tex., chairman of the House Banking Committee, said last week before Congress adjourned that he wants Federal Reserve officials to start videotaping their closed-door meetings to set monetary policy.

Gonzalez said the Fed "must shed its traditional policy of secrecy" and the deliberations of the Federal Open Market Committee must be made more open to public scrutiny. He suggested a videotape be made of each FOMC meeting and released 60 days later.

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