The Federal Reserve's policy committee met Tuesday and Wednesday, and at 2 p.m., the Federal Open Market Committee released both a statement announcing its policy stance and the its economic projections, revealing how its members expect growth, employment and inflation to evolve in the years ahead. Chairman Ben Bernanke then began a scheduled news conference, first giving a prepared statement describing the Fed's goals and policy stance, then taking questions from reporters.  We liveblogged it here.

[liveblog]