Federal Reserve Makes Accounts on Threads and Instagram Public

Oct 10, 2023 - Views: 186

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Instagram and Threads users may now follow the Federal Reserve on social media.

As stated in a press release, it was opening accounts on the two social media sites owned by Meta to boost "the accessibility and availability of Board news and educational content."

As a competitor to X, Threads is a text-based conservation social media network introduced earlier this year. 

According to the agency's news release, Instagram postings "generally will include photos, videos, frequently asked questions and answers, economic education content, and more." 

Federal Reserve unveils Instagram, Threads accounts

Federal Reserve unveils Instagram, Threads accounts

Press releases, testimony, speeches, reports, and any other information frequently posted on the Board's X account will all be included in posts on Threads.

As of last week, the organization's Instagram account, which already had roughly 30,000 followers, had posted an introductory video from Federal Reserve head Jerome Powell.

Photos from Powell's meetings with Patrick Harker, president of the Federal Reserve Bank of Philadelphia, and other small business owners "about revitalization initiatives, workforce education and training programs, and support for small business growth" can be seen in the other two posts on the organization's Instagram page.

Consumers, investors, and economists are all keeping an eye on the Federal Reserve's initiatives to control inflation when the announcement is made.

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