Peeling back the curtains on the secretive central bank’s mysterious ways, Ben Bernanke on Wednesday will become the first Fed chairman to hold a public press conference with reporters.
The experiment is likely to capture the attention of Wall Street, giving traders new color and insight into the deliberations behind the Federal Open Market Committee’s latest policy decision.
2:15 p.m. ET
http://www.foxbusiness.com/markets/2011/04/26/bernanke-set-tightrope-historic-press-conference/
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Big day for news! But the Bernanke talk could be the largest news to hit the US economic front in quite sometime and it will be very interesting to see how the market reacts after watching the commodities show signs of weakness the last week.
This talk could signal a bounce in the dollar index (DXY).
He might mention the FED Treasury buy back plan as well (QE2).
Twitter @1mjl
-- Michael Lebb
Michael Lebb Blog
