Tags: Fed | news conference | Bernanke | markets

Fed Hopes 1st News Conference Doesn't Roil Markets

Tuesday, 26 Apr 2011 04:20 PM

Planners of the the Federal Reserve’s first-ever news conference, scheduled for Wednesday afternoon, are trying to balance a promise of more public dialogue with their traditional worries about saying too much, the Wall Street Journal reports.

Unlike many central banks abroad, the Fed has no history of scheduling regular Q&As with the media. So staffers are poring over every little decision, from who gets press credentials to what Federal Reserve Chairman Ben Bernanke will say in his introduction.

“Any time he opens his mouth, it could be a market mover,” said one economist and Fed-watcher, David Greenlaw of Morgan Stanley.

Bernanke is expected to keep his prepared remarks brief and spend about 45 minutes fielding questions, which will not be pre-screened. The format is likely to resemble a typical government news conference, with hands going up and the interviewee picking questioners.


© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

NFL to Name Elizabeth Nabel as Chief Medical Officer

Sunday, 01 Feb 2015 16:07 PM

The National Football League will name Elizabeth G. Nabel, president of Brigham and Women's Hospital in Boston, as its c . . .

Storm Blankets Midwest in Snow, Creeps Toward Northeast

Sunday, 01 Feb 2015 15:50 PM

A slow-moving winter storm blanketed a large swath of the Plains and Midwest in snow Sunday, forcing the cancellation of . . .

Illegals Could Wait Until 2019 to Have Cases Resolved

Sunday, 01 Feb 2015 11:13 AM

Thousands of immigrants seeking legalization through the U.S. court system have had their hearings canceled and are bein . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved