Bernanke's Pitch: Short Hike to Center

The new Fed chief's season opener facing the FOMC will probably include a quarter-point hike and talk of data dependency

Like many newcomers to another closely followed organization -- Major League Baseball -- Federal Reserve Chairman Ben Bernanke has sailed through "spring training," including a solid performance at his first semi-annual testimony before Congress (see BW Online, 2/16/06, "Bernanke's Happy Honeymoon"). But now it's Opening Day. On Mar. 27, the Fed chief will preside for the first time over a meeting of the central bank's rate-setting arm, the Federal Open Market Committee.

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