econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 29 November 2015

Sentiment Of The FOMC: Unscripted

from the Kansas Fed

-- this post authored by San Cannon

The Federal Open Market Committee (FOMC) meets eight times each year to set monetary policy. During these meetings, a changing cast of participants engages in presentations and discussions, drawing on the perspectives of research staff and community and business leaders as they formulate their views on economic conditions and determine the stance of monetary policy.

Determining what the FOMC finds relevant to policy discussions and how these discussions might have changed over time can be challenging. Although the Committee releases carefully constructed statements and meeting minutes to the public, some marketwatchers have argued these pieces have only rendered proceedings more mysterious or opaque. The full transcripts offer a more complete picture of Committee meetings; however, these transcripts are only released to the public after five years. Furthermore, the transcripts can be somewhat difficult to parse: the texts contain a wealth of disparate information ranging from casual anecdotes to research findings to staff economic forecasts.

Nevertheless, meeting transcripts offer readers the unique opportunity to examine the original expressions of individual meeting participants prior to being distilled and summarized into the statement and minutes. Applying text-mining techniques to FOMC transcripts can help quantify this information to provide a rich analytical resource reflecting real-time economic and financial analysis.

The words participants choose for particular topics allow text analysts to measure the tone of the overall discussion in a way not possible in statements or minutes. In addition, researchers can measure the tone of individual speakers. Unlike the minutes, which attribute general summary discussions to unidentified "Committee members," the transcripts identify speakers along with their contributions. This identification invites comparisons between individual speakers or classes of individuals such as Board members and Bank presidents.

[click on image below to continue reading]

Source: https://www.kansascityfed.org/~/ media/files/publicat/ econrev/econrevarchive/ 2015/4q15cannon.pdf

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
The Problem With Obamacare Is That It Did Little To Reduce Overall Healthcare Spending
Joan Robinson’s Critique of Marginal Utility Theory
News Blog
Early Headlines: Russia Hacked GOP, Trump To Drain Energy 'Swamp'?, New Sec'y Of State Candidate, India IP Shrinks, India Has World's New Largest Solar Plant , China GDP Hides Volatility And More
Most Coup Attempts In Recent Years Have Failed
The Global Cost Of Diabetes
The Universities Churning Out The Most Billionaires
Five Amazing Ways Plants Have Created New Technologies
Where U.S. Weekly Wages Go The Furthest
What We Read Today 09 December 2016
How To Stop Using Filler Words Like Um And Uh
02 December 2016: ECRI's WLI Growth Index Improvement Continues
Preliminary December 2016 Michigan Consumer Sentiment Highest Since Early 2015
October 2016 Wholesale Sales Improved
Rail Week Ending 03 December 2016: Finally A Positive Month
November 2016 CBO Monthly Budget Review: Total Receipts Up by 1 Percent in the First Two Months of Fiscal Year 2017
Investing Blog
The New Art Of Utility Investing
Investing,com Weekly Wrap-up 09 December 2016
Opinion Blog
Trickle-down Economics, Trump Edition
Looking At Everything: Trump's $1 Trillion Infrastructure Plan
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
09Dec2016 Market Close: Wall Street Closes On A New High, Trump Sugar High, Crude Prices Testing Resistance, US Dollar Melts Higher
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved