The Washington Post Asks: Do we have a right to know the central bank's inner workings?

In this article, The Washington Post poses a question examining the scope of public inquiry into the inner workings of the Federal Reserve Board, especially with respect to two pending issues.  First is the legislation sponsored by Ron Paul (R-Tex.), a bill that would require annual audits of the Fed's monetary policy-making and short-term lending.  Second is the litigation brought by Bloomberg News for access to the Fed's data on crisis lending under the FOIA.  

What do you think?