First press conference

Saturday, January 28, 2012

Ben Bernanke's press conference is repeatedly being described as the first press conference by a Federal Reserve Chairman in the 98-year history of the Federal Reserve. Yet I have before me the "Transcript of Press Conference with Paul A. Volcker, Chairman" on October 6, 1979. This was right after the historic meeting where the Fed changed its operating procedures to nonborrowed reserve targeting (I know, you want to know more - look it up). Is there some sense in which Bernanke's press conference is different in kind from Volcker's?

0 comments:

Post a comment on: First press conference