The Fed speaks

On April 27th, the Fed makes history with Bernanke's press conference.

During the first 8 decades of its existence, the Fed operated in quiet. Starting in 1994, they issued a statements after they changed interest rates. They took another step 5 years later when they started issuing statements at the end of each meeting, even if no rate change occurred.

So when Bernanke appears before the reporters, the change has been quick.