Wednesday, April 27, 2011

A New Era: Fed Chairman Press Conferences

Ben Bernanke »

Bernanke Avoids Gaffes at Debut News Conference, Regrets Rogoff Chess Game

April-27-2011-- Federal Reserve Chairman Ben S. Bernanke avoided saying anything yesterday at his first press conference that shocked or confused investors.

Bernanke commented on a broad spectrum of economic issues, saying he expected inflation in fuel costs to slow and the end of the central bank’s $600 billion bond purchase program in June to have little impact on markets. He tried to show compassion for the average American, saying the Fed has pursued record stimulus to help people facing long-term unemployment and that higher gasoline prices are

“absolutely creating a great deal of financial hardship for a lot of people.”

Video: A New Era: Fed Chairman Press Conferences

Fed chief signals end of stimulus

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