Fed’s Williams and Lockhart say bond buys appropriate but what about Bernanke?

Williams tilts dovishly and Lockhart hawkishly but both say $85B per month is good for now.

Bernanke’s comments are expected around 4:15 pm ET (2115 GMT). He is speaking at an odd time and to a students so the potential for something earth-shattering is minimal.

The market may be hoping he will promise to print forever but recent Fed commentary is focused on attaching economic conditions to Fed action and Bernanke is likely to stick to that script.