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 fixed3.63%3.67%
15 yr fixed2.77%2.78%
5/1 ARM2.97%3.05%
30 yr refi3.67%3.71%
15 yr refi2.83%2.84%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 17,773.64 -57.12 -0.32%
Nasdaq 4,775.36 -29.93 -0.62%
S&P 500 2,065.30 -10.51 -0.51%
Treasuries 1.82 -0.02 -1.03%
Data as of 1:49pm ET
Company Price Change % Change
Bank of America Corp... 14.56 -0.23 -1.56%
Freeport-McMoRan Inc... 14.00 1.34 10.58%
Ford Motor Co 13.56 -0.53 -3.76%
Apple Inc 93.74 -1.09 -1.15%
Microsoft Corp 49.87 -0.03 -0.06%
Data as of Apr 29
Sponsors

Sections

The Oracle of Omaha said that Amazon is having an impact on Berkshire Hathaway's retail investments and other operations. But Buffett said Berkshire won't try and 'out-Bezos Bezos.' More

The Dow is down 300 points over the past two days, leaving the index on track for its worst week since early February. Blame fumbled earnings reports from the likes of Apple and Google as well as concerns about the Bank of Japan. More

Now you can watch the SpaceX Falcon 9 rocket land on a barge as if you were standing on the deck of the ship. More

Visa says new software will allow consumers to check out with chip cards as fast as swiping a card with magnetic strip. More