Initiation is said to be the sincerest form of flattery. If that is the case, the fact that the Fed discussed having The Bernank do press conferences like those conducted by the ECB must be very flattering indeed.

From the NY Times:

Nearly three weeks before they announced a $600 billion effort to shore up the economy, officials at the Federal Reserve debated whether to adopt to a formal target for inflation, and whether the Fed chairman, Ben S. Bernanke, should “hold occasional press briefings” to explain the central bank’s economic outlook and decision-making.

pomo