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Fed Speak

What is 'Fed Speak'

A phrase used to describe former Federal Reserve Board Chairman Alan Greenspan's tendency to make wordy statements with little substance. Many analysts felt that Greenspan's ambiguous "Fed speak" was an intentional strategy used to prevent the markets from overreacting to his remarks.

Explaining 'Fed Speak'

Greenspan, who was chairman of the Fed from 1986 to 2006, was known for making vague statements that were not easily interpreted. For example, following a speech Greenspan gave in 1995, a headline in the New York Times read, "Doubts Voiced by Greenspan on a Rate Cut," while the Washington Post's headline that day said "Greenspan Hints Fed May Cut Interest Rates". Greenspan's successor, Ben Bernanke, is known for making more direct statements.


Further Reading


Fed speak on main street: Central bank communication and household expectations
www.sciencedirect.com [PDF]
… instance, was notorious for his vague communication style nicknamed “Fed speak.” Attitudes shifted … Many of the Federal Reserve Banks have economics education initiatives, such as … Louis Fed's Economic Education initiative, which provides free classroom resources for K-16 …

Deciphering Fedspeak: The information content of FOMC meetingsDeciphering Fedspeak: The information content of FOMC meetings
papers.ssrn.com [PDF]
… instance, was notorious for his vague communication style nicknamed “Fed speak.” Attitudes shifted … Many of the Federal Reserve Banks have economics education initiatives, such as … Louis Fed's Economic Education initiative, which provides free classroom resources for K-16 …

When the Fed speaks: Arguments, emotions, and the microfoundations of institutionsWhen the Fed speaks: Arguments, emotions, and the microfoundations of institutions
journals.sagepub.com [PDF]
… instance, was notorious for his vague communication style nicknamed “Fed speak.” Attitudes shifted … Many of the Federal Reserve Banks have economics education initiatives, such as … Louis Fed's Economic Education initiative, which provides free classroom resources for K-16 …

The economics of the Fed putThe economics of the Fed put
www.nber.org [PDF]
… instance, was notorious for his vague communication style nicknamed “Fed speak.” Attitudes shifted … Many of the Federal Reserve Banks have economics education initiatives, such as … Louis Fed's Economic Education initiative, which provides free classroom resources for K-16 …

Fedspeak: Who moves US asset prices?Fedspeak: Who moves US asset prices?
www.ijcb.org [PDF]
… instance, was notorious for his vague communication style nicknamed “Fed speak.” Attitudes shifted … Many of the Federal Reserve Banks have economics education initiatives, such as … Louis Fed's Economic Education initiative, which provides free classroom resources for K-16 …

The fed and interest rates-a high-frequency identificationThe fed and interest rates-a high-frequency identification
pubs.aeaweb.org [PDF]
… instance, was notorious for his vague communication style nicknamed “Fed speak.” Attitudes shifted … Many of the Federal Reserve Banks have economics education initiatives, such as … Louis Fed's Economic Education initiative, which provides free classroom resources for K-16 …

Seeing like the Fed: Culture, cognition, and framing in the failure to anticipate the financial crisis of 2008Seeing like the Fed: Culture, cognition, and framing in the failure to anticipate the financial crisis of 2008
journals.sagepub.com [PDF]
… instance, was notorious for his vague communication style nicknamed “Fed speak.” Attitudes shifted … Many of the Federal Reserve Banks have economics education initiatives, such as … Louis Fed's Economic Education initiative, which provides free classroom resources for K-16 …