Two economists think Federal Reserve Chairman Ben Bernanke's first news conference next Wednesday will allow him to limit any market volatility after the Fed releases its monetary policy statement earlier that day.
"He has to be responsive to how the market reacts to the statement and how he guides that response in the way that he wants it," Rick Matus, a UBS senior economist, told CNBC Thursday.
"He needs to know going into that press conference what the market got wrong at 12:30 (p.m., when the statement is released) and where he wants the market to end at 3 (p.m.)."
The April 27 news conference, the first in the Federal Reserve's history, begins at 2:15 p.m. ET when the quarterly forecast from the Federal Open Markets Committee is issued. Bernanke then makes an opening statement followed by questions for the next 45 minutes or so.