WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke on Wednesday will likely use his first-ever news conference on monetary policy to hammer home the case for a patient approach to withdrawing the central bank's extensive support for the U.S. economy.
He will face the press this afternoon at the end of a two-day policy meeting, the first time a Fed chairman has held a regularly scheduled news conference in the central bank's 97-year history.
Bernanke is expected to amplify the consensus view at the central bank that the economy still needs monetary policy support with near-zero interest rates and its purchases of more than $2 trillion in longer-term securities.
via news.yahoo.com
