Fed Speak

Fed Speak

Informal term for the statements made by former Federal Reserve Chairman Alan Greenspan. Greenspan was known to make long, vague statements on future changes in Federal Reserve policy; it was speculated he did so on purpose to prevent overreactions to his statements in the stock market. Analysts spent a great deal of time and energy trying to decipher Fed Speak. Some even analyzed (only half-jokingly) what Greenspan would say in his reports to Congress by judging the size of his briefcase.
References in periodicals archive ?
Instead, however good its intentions, the net effect of too much Fed speak has been vagueness and uncertainty.
The Fed's policy statements since June when the Fed left rates at 2%, and subsequent Fed speak, have suggested policymakers as well are hesitant to knock rate down any further.
The Fed speaks as if it believes there is no liquidity trap, tying the persistence and level of quantitative easing to attainment of an unemployment rate at or below 6.