When the Federal Reserve Board speaks, Wall Street listens. So a throng of reporters crowded into the Fed's boardroom Tuesday for a news conference called by Fed Governor Edward W. Kelley Jr..

The crowd waited in vain for Mr. Kelley to utter the words "Asian crisis" or "interest rates." Instead they heard Mr. Kelley praise the U.S. Postal Service's new stamp honoring the Federal Reserve.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.