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Federal Reserve Board Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee July 18, 2013 in Washington, DC. Bernanke testified on the semi-annual monetary policy report to Congress.
Wall Street is anxiously awaiting an announcement from the Federal Reserve.
Fed Chair Ben Bernanke will hold a press conference later this morning where he'll explain if the central bank will begin cutting back its program of buying bonds to stimulate the economy.
The Fed's actions could have repercussions on Main Street as well. Heidi Moore, U.S. finance and economics editor for The Guardian, joins the show to explain.