Bernanke to deliver 4 college lectures on Fed

AP News
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Posted: Jan 26, 2012 1:18 PM
Bernanke to deliver 4 college lectures on Fed

Federal Reserve Chairman Ben Bernanke will take a brief step back into his former life as a college professor.

The Fed says Bernanke will deliver four lectures on the Federal Reserve and its role in the economy for an undergraduate course at the George Washington University School of Business in March.

Bernanke, who was a Princeton University economics professor before coming to Washington, will deliver the lectures on March 20, 22, 27 and 29.

Financial investors who hang on Bernanke's every word will be able to view the lectures online (at www.ustream.tv/channel/federalreserve). However, Bernanke is expected to dwell heavily on the history of the Fed and not provide insights into the central bank's next move on interest rates.

Transcripts will be posted later on the Fed's website as well as video recordings of the lectures.

In recent years, Bernanke has held town-hall-style meetings with many groups, from business executives to soldiers to ordinary Americans, as part of a campaign to bring more openness to the Fed.

The Fed's latest moves to boost transparency came on Wednesday. The Fed pushed back the date for any likely increase in its benchmark interest rate by at least a year and a half, until late 2014 at the earliest.

The Fed also released for the first time interest-rate forecasts from its committee members. It will now do so four times a year, when it also updates its economic outlook.

The federal funds rate has been at a record low near zero for three years.