Federal Reserve Accountability and Transparency Act of 2015

[AI summary unavailable — showing source text] Federal Reserve Accountability and Transparency Act of 2015 Amends the Federal Reserve Act to require the Board of Governors of the Federal Reserve System (Board) to consider specified economic impacts of any regulation before issuing it. Directs the Board, in deciding whether and how to regulate, to assess the costs and benefits of regulatory alternatives, including the alternative of not regulating, and choose the approach that maximizes net benefits. Prescribes forth additional considerations, including market liquidity in the securities markets and global competitiveness. Requires the Board, whenever it adopts or amends a regulation designated as a"major rule," to make a post-adoption impact assessment, including intended and unintended consequences of the regulation. Requires a one-week blackout period before each meeting of the Federal Open Market Committee, until midnight of the day after the meeting, during which restrictions are imposed upon public communications by Board members and staff, with specified exceptions, regarding macroeconomic or financial developments or current or prospective monetary policy issues. Applies to Board members and staff the ethics st…