–Bernanke to Present FOMC Projections, Provide Context for Decisions
WASHINGTON (MNI) – The Federal Reserve announced Thursday that Fed
Chair Ben Bernanke will hold press briefings after four FOMC meetings a
year to present the FOMC projections and provide context for monetary
policy decisions in the effort to “enhance the clarity and timeliness”
of those decisions. The text of the statement follows:
Chairman Ben S. Bernanke will hold press briefings four times per
year to present the Federal Open Market Committee’s current economic
projections and to provide additional context for the FOMC’s policy
decisions.
In 2011, the Chairman’s press briefings will be held at 2:15 p.m.
following FOMC decisions scheduled on April 27, June 22 and November 2.
The briefings will be broadcast live on the Federal Reserve’s website.
For these meetings, the FOMC statement is expected to be released at
around 12:30 p.m., one hour and forty-five minutes earlier than for
other FOMC meetings.
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.
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: M$U$$$,MMUFE$,MGU$$$,MFU$$$,MT$$$$]
