As always, Bernanke will use his news conference to try to clarify any decisions the Fed announces. He's surely hoping for a more positive response than he drew at his June news conference. There, he said he'd been "deputized" by his colleagues to describe a possible path toward slowing the bond purchases. Bernanke said the slowdown would likely start before year's end and be completed by mid-2014.He stressed that any Fed moves to scale back its support would hinge on how the economy fares. But investors didn't hear such assurances. They responded in panic to the prospect that the Fed would soon reduce its support for the economy. The Dow Jones industrial average sank 560 points in two days.
Here's What To Watch For Wednesday From The Fed
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