Economists often analyze Federal Reserve Chairman Ben Bernanke's language at press conferences, looking for insights into state of the economy. And at yesterday's press conference, the chairman's tone was more downbeat than usual.
Juli Niemann, analyst at Smith Moore and Company, explains what's expected from this week's Fed meeting, and why the central bank is having trouble gauging the economic landscape.
Federal Reserve officials laid out a broad plan for a gradual tightening of fiscal conditions in their April 26-27 meeting. Diane Swonk, chief economist with Mesirow Financial, explains.
In his press conference yesterday, Federal Reserve Chairman Ben Bernanke pledged to retain low interest rates inspite of inflation worries. Karen Shaw Petrou of Federal Financial Analytics explains.