What's on Bernanke's mind? A 'word cloud' analysis of the Fed chairman's recent speeches
Ben S. Bernanke is known for being cautious with his words. Unlike his predecessor Alan Greenspan -- whose positive statements and insinuation of pessimism about interest rates or the economy regularly moved markets -- some say Bernanke's public remarks have often been harder to read.
In 2010, Bernanke gave 26 speeches, and in 2011, he's given two so far. Each event has been scrutinized by everyone from Wall Street CEOs to pensioners for any indication of a change in policy. Here's a graphical representation of what was on Bernanke's mind at a particular time. These "word clouds" for the Fed chair's speech Friday in Paris during the G-20 finance ministers meeting and the five most recent public appearances before that give greater prominence to words that appear more frequently in his speeches.
Oct. 15, 2010
Monetary Policy Objectives and Tools in a Low-Inflation Environment
At the Revisiting Monetary Policy in a Low-Inflation Environment Conference, Federal Reserve Bank of Boston, Boston, Massachusetts
Ariana Eunjung Cha
| February 18, 2011; 10:52 AM ET
Categories: Federal Reserve
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