bake cookies.
we have more on ben bernanke
coming up.
that does if for "power lunch,"
ladies, gentlemen.
thanks for watching.
>>> welcome to a special edition
of "street signs."
we are minutes away from fed
chairman's ben bernanke's news
conference.
there is a specific employment
rate along with inflation
target, there is a lot to talk
about.
let us bring in steve with more
and the fed's outlook, steve?
>> i think the story here today
is federal reserve despite
saying it will spend something
like a trillion dollars in
additional qe this year or next
year is lowering its economic
forecast.
if you look at the outlook for
2012 through 2015, it actually
lowered the outlook from its
september forecast.
take a look here.
tenth off of 2012.
tenth off of 13.
15 bases points out of 2014 and
2015.
look at what the federal reserve
did with unemployment rate.