Fed Holds First-Ever Press Conference

Federal Reserve policymakers decided to leave short-term interest rates unchanged. A statement released after the meeting said the recovery is on "firmer footing" and noted a pick up in commodity prices. But Fed policymakers do not think the upward pressure on prices will result in a longer-term inflation problem. Fed Chairman Ben Bernanke answers questions from reporters Wednesday afternoon in the Fed's first ever post-meeting press conference. Michele Norris talks with NPR's John Ydstie.

Source: http://www.npr.org/2011/04/27/135778749/fed-holds-first-ever-press-conference?ft=1&f=1003

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