Bernanke Press Conference Live Stream: Q&A Session

The Fed announced it would not taper its $85 billion bond buying program, but that downside risks have reduced. The Fed says the economy is expanding at a moderate pace, with slight improvement in projections for the labor market and economic growth. The Fed is repeating its earlier statement that there will be no taper until the labor market has improved "substantially." Expect reporters to try and pull out more information from the Fed chair, who is notoriously cautious with his statements.