Federal Reserve unveils Instagram, Threads accounts

You can now follow the Fed on Instagram and Threads.

The federal agency said in a news release that it is creating accounts on two social media platforms owned by Mehta to increase the “accessibility and availability of the Board’s news and educational content.”

Threads was launched earlier this year as a text-based storage social media platform as a rival to X, the social media platform formerly known as Twitter.

“Instagram posts typically include photos, videos, frequently asked questions and answers, economic education content, and more,” the agency said in a news release. “Posts to the thread include press releases, speeches, testimonials, reports, and all other content regularly posted to the Board’s X account, formerly known as Twitter.”

The agency’s Instagram account had already been opened. Accumulated It had about 30,000 followers as of Tuesday morning, including an introductory video by Federal Reserve Chairman Jerome Powell. first post to the site.

“Hello, this is Jay Powell. I’m the Chairman of the Federal Reserve and I want you to know that the Federal Reserve is currently on Instagram and in the thread.” Said In a 30 second video.

the remaining two are Post The agency’s Instagram page said Powell visited York, Pennsylvania, and spoke with Philadelphia Fed President Patrick Harker and other small business owners about “revitalization efforts, workforce education and training programs, and A photo of the meeting “about supporting the growth of small and medium-sized enterprises” is posted.

The announcement comes as economists, investors and consumers continue to closely monitor the Federal Reserve’s efforts to manage inflation.

Federal Reserve Governor Michelle Bowman said Monday that continued efforts to address rising costs at home will likely require additional interest rate hikes.

“Inflation remains too high. To return inflation to our 2% target in a timely manner, it would be appropriate for the Committee to raise interest rates further and keep them at subdued levels for some time,” Bowman said. Ta. Conference in Canada.

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