Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Bernanke to meet the press

bernanke_press.gi.top.jpg By Annalyn Censky, staff reporter

NEW YORK (CNNMoney) -- Tight-lipped Ben Bernanke is coming further out of his shell.

The Federal Reserve Chairman will start holding press briefings four times a year, the central bank announced Thursday afternoon.

Famous Fed flubs
Bernanke and Greenspan aren't the only ones to have put their foot in their mouth over the years. Here's a look at Federal Reserve "oops" moments.

"The introduction of regular press briefings is intended to further enhance the clarity and timeliness of the Federal Reserve's monetary policy communication," the Fed said in an official statement.

Under Bernanke's leadership, the Fed has taken baby steps in opening up to the media since the financial crisis. Bernanke appeared on 60 Minutes twice in the last two years, and wrote an op-ed in the Washington Post in November.

That media exposure was tightly controlled though. And unlike his counterpart, European Central Bank President Jean-Claude Trichet who holds press conferences after nearly every policy-making meeting, Bernanke has rarely taken journalists' questions publicly.

Speaking to reporters at the National Press Club in February, Bernanke stressed that the Fed is trying to become more transparent.

"We are looking very seriously at the idea that I would give regular press conferences, in a hope that that would further increase Fed transparency," he said at the time.

The Fed said its four press conferences will take place following meetings when the central bank updates its economic outlook. The first such update took place this January. For the remainder of 2011, the press conferences will follow Fed policy-making meetings scheduled for April, June and November, and will be broadcast live on the Fed's website.  To top of page

Overnight Avg Rate Latest Change Last Week
30 yr fixed3.82%3.93%
15 yr fixed2.98%2.99%
5/1 ARM3.13%3.28%
30 yr refi3.91%3.98%
15 yr refi3.08%3.06%
Rate data provided
by Bankrate.com
View rates in your area
Find personalized rates:
Index Last Change % Change
Dow 17,719.92 -78.57 -0.44%
Nasdaq 5,108.67 -18.86 -0.37%
S&P 500 2,080.41 -9.70 -0.46%
Treasuries 2.22 -0.01 -0.31%
Data as of 1:39am ET
Company Price Change % Change
General Electric Co 29.94 -0.42 -1.38%
Bank of America Corp... 17.43 -0.05 -0.29%
Microsoft Corp 54.35 0.42 0.78%
Pfizer Inc 32.77 -0.02 -0.06%
Apple Inc 118.30 0.49 0.42%
Data as of Nov 30


The Federal Reserve adopted a rule on Monday from the Dodd-Frank Act that would limit its ability to lend to banks during emergency situations. More

The Federal Reserve adopted a rule on Monday from the Dodd-Frank Act that would limit its ability to lend to banks during emergency situations. More

The AT&T customers still clinging to their unlimited data plans are going to see a $5 price hike in February. More

Hive, a startup funded by the UN, is tasked with getting more Americans engaged with the refugee crisis. More