March 13, 2013 / 8:11 PM / 4 years ago

Fed changes time of FOMC statement release to 2 p.m. ET

WASHINGTON, March 13 (Reuters) - The U.S. Federal Reserve said on Wednesday that it will change the release time of its monetary policy statements to 2 p.m. Eastern (1800 GMT), starting next week.

The move was taken in order to narrow the length of time between the statement's publication and the start of the chairman's quarterly press conferences, which will begin around 2:30 p.m. Eastern.

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