Post by Hoosier Hillbilly on Sept 19, 2013 14:01:35 GMT -5
BREAKING: The latest news out of Ben Bernanke and the Federal Reserve
By Neil Irwin, Published: September 18 at 1:43 pm
The Federal Reserve's two-day policy meeting concluded Wednesday. At 2 p.m. the Fed said that it will not "taper" its quantitative easing program.
Then, at 2:30 p.m., Chairman Ben Bernanke held a press conference, taking questions from the news media about the newly announced decisions. The press conference has concluded.
Hanging over it all is the likelihood that Bernanke will step down when his term is up Jan. 31, and a tumultuous battle over recent weeks over who will succeed him (right now, vice-chair Janet Yellen looks most likely to get the nod from President Obama).
We'll have the latest news and analysis here as it happens. Don't forget to check out our primer on the Fed, complete with musical interludes.
READ: Fed sticks to stimulus program citing still-weak economy