Bernanke to Meet the Press on Wednesday
The Federal Reserve’s public relations campaign continues Wednesday when Fed Chairman Ben Bernanke holds a news conference following the meeting of the central bank’s Open Market Committee.
At the two-day committee meeting, which is scheduled to begin Tuesday, the panel is scheduled to discuss issues such as whether to raise interest rates and whether to extent its stimulus –or quantitative easing—program beyond its June expiration date.
Bernanke is scheduled to make a brief statement and then answer questions directly from journalists. In other venues he has sat down for one-one interviews with reporters or answered questions submitted by journalists in writing.
The outreach efforts have come at a time when Congress has pushed for additional accountability by the Fed. The financial overhaul bill passed last year required additional disclosure of the Fed’s activities.
Rep. Ron Paul (R-Texas), who has written a book calling for the Fed to be abolished, chairs the subcommittee that oversees the central bank.