The U.S. Federal Reserve today (Wednesday) will hold its first-ever press conference - an extraordinary development that has generated more buzz than typically surrounds a Federal Open Market Committee (FOMC) meeting.
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But many wonder, will U.S. Federal Reserve Chairman Ben S. Bernanke deliver clear-cut explanations, or a script of "Fedspeak"?
Bernanke will start the Fed press conference at 2:15 p.m. EDT after the two-day meeting of the Federal Open Market Committee (FOMC). The agenda includes a review of the Fed's economic projections and the FOMC's policy decisions, which will be released in a policy announcement at 12:15 p.m.
Then - the part everyone is really waiting for - Bernanke will field press questions for about 45 minutes.