The Federal Reserve announced on Wednesday that, to better facilitate the release of information in conjunction with the Chairman's quarterly news conferences, the time between the release of the Federal Open Market Committee's statement and the beginning of the news conference is being reduced.

Committee policy statements for all regularly scheduled meetings will now be released at 2 p.m. Eastern Time. For meetings with news conferences, the Committee's current economic projections will also be released at 2 p.m. Eastern Time, and the Chairman's news conference will begin at approximately 2:30 p.m. Eastern Time.

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