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Fed Speak
(redirected from Fedspeak)

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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.


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The justification of the current secrecy and Fedspeak mumbo-jumbo is that the whole system is so unstable that it will collapse if the public gets a clear look at it in the light of day.
Monsieur Trichet soothed all worries with proper European Fedspeak, stating: "We are alert and everybody must know that we will do whatever is needed to deliver price stability and be credible in that delivery.
The word "measured" in Fedspeak means steady and fairly regular incremental change in short-term interest, except in extraordinary circumstances.
 
 
 
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