The fox gets out of its foxhole

Bernanke to meet the press, watchful of his words

Bernanke to meet the press at historic news conference, watchful of his words

Paul Wiseman and Jeannine Aversa, AP Economics Writers, On Tuesday April 26, 2011, 7:52 pm EDT

WASHINGTON (AP) -- When Ben Bernanke makes history Wednesday as the first Federal Reserve chief to begin a series of regular news conferences, his tasks will be simple. That doesn't mean they'll be easy:
Make no unintended news. Defuse critics of Fed policymaking. Say nothing that might spook investors.
"If he succeeds, he will not make any impact whatsoever" on bonds, stocks or the dollar, says Timothy Duy, an economist at the University of Oregon who writes a blog on the Fed.
The historic news conference, the first of three this year, is part of a long-standing Bernanke campaign to make the central bank more transparent and publicly accessible. His efforts have included town-hall meetings and appearances on "60 Minutes." The chairman's public appearances have followed criticism that the Fed, an independent government agency, was for too long secretive and unaccountable.
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Comment: Poor Bernanke, so much trouble for such low a salary. It is worse than ridiculous, nothing but lies and camouflage. What a sad spectacle. Only for morons to participate. Beware of the ships that are destined to sink.