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       #Post#: 262--------------------------------------------------
       Chair Press Conference
       By: fxvictory Date: December 10, 2014, 9:31 pm
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       Definition
       The Fed announced on March 24, 2011 that then Fed Chair Ben
       Bernanke would hold press briefings four times a year to explain
       the FOMC's latest quarterly economic projections. Additionally,
       the purpose of the briefings is to provide additional context
       for the FOMC's policy decisions and to allow for Q&A with the
       press. According to the Fed, the "introduction of regular press
       briefings is intended to further enhance the clarity and
       timeliness of the Federal Reserve's monetary policy
       communication." As of March 20, 2013, the press briefing is held
       at 2:30 p.m. ET on the days of FOMC statements in which
       quarterly projections are released. These FOMC statement dates
       are designated as the ones released in the final month of each
       quarter—March, June, September, and December. The policy
       statement is released at 2:00 p.m. ET after the conclusion of
       every FOMC meeting regardless of whether there are forecasts or
       not. This schedule started March 20, 2013. Fed Chair Janet
       Yellen continues this practice of holding the quarterly chair
       press conference.
       Why Investors Care
       The Fed’s meeting statement and economic projections can move
       financial markets. However, the Fed’s meeting statement—which
       indicates any changes in monetary policy—typically is very
       concise and lacking in detail. However, the Fed now releases its
       economic forecasts four times a year. As of March 20, 2013, the
       forecasts are released at the same time as the FOMC statement
       during the months of March, June, September, and December. These
       are the months that the chair holds a press conference to
       explain the forecasts and other policy issues. The chair’s press
       conference allows for the financial markets and public in
       general to learn more about why and how the monetary policy
       decision was made and to learn more about FOMC views on the
       direction of the economy—including real growth, inflation,
       unemployment, expected timing of changes in the fed funds rate,
       and expected levels of the fed funds rate in the near term.
       Frequency
       Quarterly
       Source
       Federal Reserve Board of Governors
       Availability
       After FOMC meetings in March, June, September, and December,
       2:30 p.m. ET
       Coverage
       Not applicable.
       Revisions
       Not applicable
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