While the first press conference ever held by U.S. Federal Reserve Chairman Ben Bernanke grabbed most of the headlines this afternoon (Wednesday), it was the post-meeting statement issued earlier in the day that grabbed my attention.
In particular, I zeroed in on the part about the policymaking Federal Open Market Committee (FOMC) regularly reviewing "the size and composition of its securities holdings in light of incoming information and is prepared to adjust those holdings as needed to best foster maximum employment and price stability."
fed press conference
Article Index
Did Ben Bernanke Hint at QE3 During Historic Fed Press Conference?
Fed Press Conference: What Do You Think of the Outcome?
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.
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.
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.