Bernanke & Co. Back in the Spotlight
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With world markets keenly focused on Greece and the Eurozone, somehow Ben Bernanke and the FOMC have dropped off many investors radars. That all changes Wednesday.
Bernanke & Co. will announce their latest move following a two-day meeting. In addition, Bernanke will be hosting a press briefing with this announcement.
Because of the press briefing, the FOMC rate decision and statement are expected to be released at around 12:30 p.m. or one hour and forty-five minutes earlier than for other FOMC meetings. The press briefings will be held at 2:15 p.m.
Not much is expected from the Fed with regards to monetary policy moves. However, with world markets in turmoil anything could happen. In addition, markets will be looking for commentary from Bernanke and the Fed on the U.S. economic outlook and Europe, especially during the press briefing. Are things getting better, worse, or staying the same?
The Fed's latest move in September was "operation twist." Under this ongoing plan the Fed will extend the average maturity of its holdings of securities by moving out of short-term treasuries into longer-term ones. By the end of June 2012, the Fed intends to buy $400 billion of Treasury securities with remaining maturities of six to 30 years and to sell an equal amount of Treasury securities with remaining maturities of three years or less.
Bernanke & Co. will announce their latest move following a two-day meeting. In addition, Bernanke will be hosting a press briefing with this announcement.
Because of the press briefing, the FOMC rate decision and statement are expected to be released at around 12:30 p.m. or one hour and forty-five minutes earlier than for other FOMC meetings. The press briefings will be held at 2:15 p.m.
Not much is expected from the Fed with regards to monetary policy moves. However, with world markets in turmoil anything could happen. In addition, markets will be looking for commentary from Bernanke and the Fed on the U.S. economic outlook and Europe, especially during the press briefing. Are things getting better, worse, or staying the same?
The Fed's latest move in September was "operation twist." Under this ongoing plan the Fed will extend the average maturity of its holdings of securities by moving out of short-term treasuries into longer-term ones. By the end of June 2012, the Fed intends to buy $400 billion of Treasury securities with remaining maturities of six to 30 years and to sell an equal amount of Treasury securities with remaining maturities of three years or less.
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