Bernanke Press Conference: LIVE Streaming and Updates

Federal Reserve Chairman Ben Bernanke will hold a press conference at 2:30 pm to discuss the Federal Open Market Committee's economic projections and policy prescriptions from its most recent meeting. The release of the committee's meeting minutes will come at 2pm. It is expected that the Fed will begin tapering its $85bn monthly bond purchase program, through which it has been buying $45bn in Treasuries and $40bn in mortgage-backed securities per month from various financial institutions. A slight trimming of the purchases is anticipated by Wall Street economists, by somewhere between $10bn and $20bn.


It is a virtual certainty that with the economic recovery still slow and inflation relatively low, that the Fed will keep the Federal Funds rate at 0%-0.25%, where it has been since December 2008, when the central bank commenced massive monetary stimulus in an effort recapitalize banks after the financial crisis, and to spur lending. 

How likely are you to make Mic your go-to news source?

MORE FROM

Top Pope aide charged with sexual assault vows to fight his "relentless character assassination"

Pell is the highest-ranking Catholic Church official to be ensnared in the church's sexual abuse scandal.

'Hot Mic' podcast: Sterling family lawsuit, Low approval for GOP health care, Trump hotel sued

The important stories to get you caught up for Thursday.

CNN's Van Jones allegedly says the Trump Russia stories are "a big nothing burger"

He's the second CNN insider this week to apparently denounce the network's Russia coverage.

Conservative columnist Bret Stephens joins MSNBC

Stephens will remain a columnist at The New York Times.

Department of Homeland Security announces new airline security rules

The new measures could help end the electronics ban.

Democrats on Neil Gorsuch's first Supreme Court term: "We've got another Scalia"

Some say Gorsuch's even-handed performance during his confirmation hearings "might be more an act than it was a real persona."

Top Pope aide charged with sexual assault vows to fight his "relentless character assassination"

Pell is the highest-ranking Catholic Church official to be ensnared in the church's sexual abuse scandal.

'Hot Mic' podcast: Sterling family lawsuit, Low approval for GOP health care, Trump hotel sued

The important stories to get you caught up for Thursday.

CNN's Van Jones allegedly says the Trump Russia stories are "a big nothing burger"

He's the second CNN insider this week to apparently denounce the network's Russia coverage.

Conservative columnist Bret Stephens joins MSNBC

Stephens will remain a columnist at The New York Times.

Department of Homeland Security announces new airline security rules

The new measures could help end the electronics ban.

Democrats on Neil Gorsuch's first Supreme Court term: "We've got another Scalia"

Some say Gorsuch's even-handed performance during his confirmation hearings "might be more an act than it was a real persona."