Fed Prepares for First News Conference

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Fed Prepares for First News Conference
The Federal Reserve "is doing some careful stage planning for its first-ever public news conference Wednesday afternoon following a two-day policy meeting," the Wall Street Journal reports.

"Details that would be extremely mundane for most other institutions -- such as who gets in, how Chairman Ben Bernanke should kick things off, and how questions will be asked -- have potentially market-moving importance in this instance. Analysts and traders on Wall Street have been scrambling to find out what to expect."
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