Here Comes Janet Yellen…

MYLES UDLAND

SEP. 18, 2014

REUTERS/Jonathan Ernst

U.S. Federal Reserve Chair Janet Yellen arrives for a news conference following two-day Federal Open Market Committee meeting at the Federal Reserve in Washington June 18, 2014.

Federal Reserve Chair Janet Yellen is set to hold a press conference at the bottom of the hour.

Yellen’s press conference follows the latest monetary policy decision from the Fed, which saw the Fed keep interest rates unchanged and take another $10 billion off its quantitative easing program. 

The Fed also released its latest Summary of Economic Projections, which included the Fed’s latest dot plot. The latest plot was a little more hawkish than in June, as the average for the end of next year increased to 1.27% from 1.2%. 

The Fed also kept the phrase “considerable time” when describing how long it expects to keep interest rates near zero after the conclusion of its QE program.

Additionally, the Fed released details on how it plans to exit its QE program.