WASHINGTON — Federal Reserve Board Chairman Ben Bernanke broke with tradition on Wednesday, offering a rare glimpse into how the central bank makes it monetary policy, a process usually kept secret.

In the first-ever news conference held by the central bank, the Fed chairman's remarks revolved mostly around the Federal Open Market Committee's decision to keep the federal funds rates unchanged and its intent to complete a $600 billion bond purchase in June as anticipated.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access