Do you know about - June 22, 2011 Press Conference with Chairman of the FOMC, Ben S. Bernanke
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June 22, 2011 Press Conference with Chairman of the FOMC, Ben S. Bernanke Video Clips. Duration : 52.28 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Chairman of the FOMC, Ben S. Bernanke, Washington, DC Transcript: www.federalreserve.gov www.federalreserve.gov June 22, 2011 Chairman Bernanke's Press Conference FINAL 1 of 22 Transcript of Chairman Bernanke's Press Conference June 22, 2011 CHAIRMAN BERNANKE. Good afternoon and welcome. In my opening remarks today, I'll briefly review today's policy decision. And I'll place the decision in the context of our economic projections and our policy strategy. I'll then be glad to take your questions. Throughout today's briefing, my goal will be to reflect the consensus of the Committee while taking note of the diversity of views, as appropriate. Of course, my remarks and interpretations are my own responsibility. As indicated in the policy statement released earlier this afternoon, the Committee decided today to keep the target range for the federal funds rate at 0 to ¼ percent. The Committee continues to anticipate that economic conditions—including low rates of resource utilization and a subdued outlook for inflation in the medium run—are likely to warrant exceptionally low levels for the federal funds rate for an extended period. The Committee's planned purchases of 0 billion of longer-term Treasury securities will be completed by the end of this month, and the Committee will continue to reinvest principal payments from its securities holdings going forward. In conjunction with today's meeting, the FOMC participants submitted projections for economic growth, the ...
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