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News Now

Washington
Fed to hold periodic updates on FOMC projections
WASHINGTON (3/25/11)—The Federal Reserve on Thursday announced that it will “further enhance the clarity and timeliness” of its monetary policy communication through quarterly press briefings by Fed Chairman Ben Bernanke. Bernanke will present the Federal Open Market Committee's (FOMC) economic projections and provide additional context for committee’s policy decisions during these briefings. The Fed has scheduled briefings for 2:15 P.M. ET on April 27, June 22 and November 2. The briefings will follow FOMC decisions, and will be broadcast live via webcast. The FOMC conducts eight meetings each year to review economic and financial conditions, determine issues involving monetary policy, and assess risks to price stability and sustainable economic growth. The committee is comprised of seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining 11 Reserve Bank presidents, who serve one-year terms on a rotating basis.


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