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 ?
With less than a 50 percent December rate hike probability priced in, and with no supportive Fed speak on the calendar before July 26th, the dollar could struggle.
The backdrop of generally hawkish Fed speak that has pushed Fed (interest rate) hike expectations for this year to about 65 percent from about 40 percent earlier this month.
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 backdrop of generally hawkish Fed speak that has pushed Fed hike expectations for this year to about 65 percent from about 40 percent earlier this month.
Conversely, the oil price rallied on weaker supply rumblings and investors can expect more Fed speak to support a possible hike as three more officials speak (Thursday), said Luis Gerardo Limlingan, managing director at stock brokerage Regina Capital Development.
Louis Wall, president and CEO of SagamoreHill, told the paper the FCC's meeting has him nervous: "We are a government-regulated business, so when the Fed speaks, we have to listen.
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.
The Association for Corporate Growth (ACG) Orange County Chapter's Academy Program will offer a unique insider's view of the impact of the Federal Reserve Bank's policies and recent actions on the local business economy and long-term outlook in "The Fed Speaks," featuring Fed Senior Economist Gary Zimmerman.