The Federal Open Market Committee is expected to announce a .25-percent increase to the federal interest rate on Wednesday afternoon.
Hoosiers can expect to see increases in credit card and house payments thanks to a looming rise in interest rates.
The Federal Reserve Chairman says his biggest concern is the nation's high unemployment rate, even as low-interest rates should speed the economic recovery.
Bernanke will speak at the Indiana Convention Center about monetary policy and the federal reserve.
Indiana's unemployment rate rose above the national average to 8.3 percent, but the state also experienced significant job growth.