Bernanke LIVE Stream: Fed Chair Holds Press Conference After FOMC Statement


The Federal Open Market Committee released a statement on Wednesday announcing the continuation of its monthly purchases of $45 billion in treasury bonds and $40 billion in mortgage-backed securities. The Fed will also keep the federal funds rate of 0% - 0.25% unchanged. There were no surprises in the statement, which noted that inflation is expected to be about a half of a percentage point above the longer term goal of 2%. The FOMC's announcement reiterated its earlier statements that the federal funds rate will remain at its lowest point as long as unemployment remains above 6.5%