The Fed's First Press Conference

Bernanke will hold the Fed's first press conference today. It's kind of a big deal - after the President of the United States, there may be no public utterances more carefully watched than those of the Chairman of the Federal Reserve Board.

The Fed has its enemies, many of whom seem to have no understanding of what the mission of the Fed actually is or how they accomplish it.

In unrelated news, Ron Paul was on the Colbert Report the other day:

The Colbert Report	Mon - Thurs 11:30pm / 10:30c
Ron Paul
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Enjoy the press conference.