Wednesday 27 April 2011

Bernanke Holds First Ever News Conference

Westminster and the Royal Wedding are so overhyped; the historic story of the week will be taking place on C Street in Washington, D.C. on Wednesday.

At 2:15pm ET, Ben Bernanke, chairman of the Federal Reserve, will make waves in the world of economists and Wall Streeters. For the first time in the 98-year history of the nation's central bank the Chairman will talk to the press after an interest rate decision, fulfilling a promise he made at his first confirmation hearing back in 2005.

At the time he noted that, "?under Chairman Greenspan, monetary policy has become increasingly transparent to the public and the financial markets, a trend that I strongly support."

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Source: http://feeds.abcnews.com/click.phdo?i=f756b34692c3786b749b62dd12715491

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