Federal Reserve Chairman Ben S. Bernanke outlines what he expects for U.S. growth in the coming year as the central bank releases its policy statement. He'll also face TV cameras and reporters during a quarterly news conference.
Reporters, editors and other analysts will live blog what policymakers say -- and what they don't say. We'll also follow the stock market's gyrations and other reactions.
The main question for today: Will Bernanke be able to reassure the world that the central bank has a plan for scaling back its unprecedented efforts to boost the economic recovery. And can he be vague enough about exactly what the plan involves to avoid boxing policymakers into a corner as they try to exit from their stimulus policies without damaging the recovery.
The Fed's stimulus efforts began nearly five years ago. And, with the economy showing signs of improvement, exactly how will it all wind down? The central bank's statements and prognosis for economic growth will be very telling.