Discussion Paper

A Way With Words: The Economics of the Fed’s Press Conference


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: FOMC press conference; Bernanke; stocks; bond yields; fx; exchange rate; minutes; sep;

JEL Classification: G1;E5;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Liberty Street Economics

Publication Date: 2013-11-25

Number: 20131125