Forward guidance on Facebook. Dot plots in your news feed. A legit excuse to log on to social media at work.

A whole new world of central bank possibilities has opened up as the Federal Reserve has launched a Facebook page.

The central bank, often criticised for its communication methods, said that it was launching the page, which had already amassed 254 likes at pixel time, with the aim “of increasing the accessibility and availability of Federal Reserve Board news and educational content”.

While the Fed’s website will remain its primary channel of communication, the Fed said the Facebook page will include press releases, speeches, reports, educational materials, frequently asked questions among other things.

For those new to the workings of the central bank it has already posted this nifty little chart outlining its five key functions.

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