Federal Reserve Chairman Jerome Powell said the central bank will hold press conferences at each of its meetings beginning in 2019, vs. the traditional schedule of one per quarter.

Danielle DiMartino Booth, a former Fed advisor and author of Fed Up, supports the move and thinks it will add more transparency for Fed watchers. 

Plus, the Fed telegraphed four total rate hikes in 2018, according to a fresh forecast on Wednesday, up from the original forecast of three.

As expected, the Fed hikes interest rates on Wednesday - it's second increase of 2018.

Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

More from Video

Earnings Tuesday: Caterpillar Beat, McDonald's Beat, what it all Means

Earnings Tuesday: Caterpillar Beat, McDonald's Beat, what it all Means

The Key to Navigating the Current Market: a Clear Head

The Key to Navigating the Current Market: a Clear Head

Jim Cramer Gets Quizzed on Cannabis

Jim Cramer Gets Quizzed on Cannabis

History With a Side of Fries? Inside McDonald's Storied Past

History With a Side of Fries? Inside McDonald's Storied Past

How Did Caterpillar Get Its Name?

How Did Caterpillar Get Its Name?