Dont forget the Fed

By Paul R. La Monica, CNNMoney
2009-4-27 13:12:00

NEW YORK (CNNMoney.com) -- If the Federal Reserve holds a policy meeting but the market isn't interested, will chairman Ben Bernanke still make a sound?

The Fed's Open Market Committee, the body that sets short-term interest rates, is meeting Tuesday and Wednesday. But what would normally be a big news event for investors is being overshadowed by a litany of other developments.

There's the latest restructuring moves by General Motors (GM, Fortune 500) and Chrysler LLC as they attempt to avoid bankruptcy, continued questions about the big bank stress tests, and the upcoming 100-day milestone for the Obama administration.

If all that wasn't enough, there are worries about a swine flu epidemic.

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