Wednesday, April 27, 2011

First Ever Fed Press Conference

Getting nervous about the 'audit the Fed' crowd; a little voluntary transparency to blunt the move?

"Wearing a grey suit and sitting at a podium in a conference room at the Fed's C Street Annex Building, Fed Chairman Ben Bernanke made history this afternoon, talking to the media for the first time in a post-FOMC meeting briefing. No other Fed chairman in the 98-year history of the nation's central bank has done this.

Bernanke offered a stoic presence in a room filled with more than 50 reporters and dozens of cameras, confidently fielding more than 18 questions during the hour-long news conference.

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