A Way With Words: The Economics of the Fed’s Press Conference
Fernando Duarte and
Carlo Rosa
No 20131125, Liberty Street Economics from Federal Reserve Bank of New York
Abstract:
When central bankers speak, traders, journalists, and politicians listen with bated breath. The marked asset price reaction to Chairman Bernanke’s June press conference confirms the importance of his comments in the marketplace.
Keywords: stocks; FOMC press conference; Bernanke; bond yields; Summary of Economic Projections (SEP); minutes; fx; exchange rates (search for similar items in EconPapers)
JEL-codes: E5 G1 (search for similar items in EconPapers)
Date: 2013-11-25
New Economics Papers: this item is included in nep-mac
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