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We’re live-blogging Bernanke press conference

Written by Subject: Federal Reserve
We’re live-blogging Bernanke press conference Federal Reserve Chairman Ben Bernanke will hold his first regularly scheduled press conference today at 2:15 pm Eastern time, following the release of a brief statement from the Federal Open Market Committee at 12:30 pm. The Washington bureau of MarketWatch will be blogging about Bernanke’s press conference while it’s in progress, so check back here later.
Bernanke to Hold First Press Briefing as Fed Chief

Following a two-day meeting of the Federal Open Market Committee (FOMC), Fed Chairman Ben Bernanke will hold his first press briefing with reporters as Fed Chief, beginning what is to be a quarterly event.

Bernanke is expected to discuss with reporters decisions taken by FOMC members.

He will also reiterate a previous assertion that the Fed’s efforts to stimulate the economy, through an aggressive program of large  bond purchases, will not raise inflation. The Fed has kept its target federal funds rate between zero and 0.25% since December 2008.

According to a statement on the Fed's website, "The introduction of regular press briefings is intended to further enhance the clarity and timeliness of the Federal Reserve's monetary policy communication. The Federal Reserve will continue to review its communications practices in the interest of ensuring accountability and increasing public understanding."

Tomorrow, the government will release the first-quarter gross domestic product data.  It is expected to show light economic growth at the start of the year.


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