5 year lag on FOMC transcripts

[blazespinnaker]

http://www.federalreserve.gov/FOMC/transcripts

Brilliant stuff. Wow. You want to learn about macroeconomy, this is the place to start...

[bart]

Re: 5 year lag on FOMC transcripts

http://www.federalreserve.gov/FOMC/transcripts

Brilliant stuff. Wow. You want to learn about macroeconomy, this is the place to start...

Truly - those transcripts help a huge amount in seeing what they were really looking at and what they knew too.

I'd suggest some caution on using it to learn macro-economics though - the track record of the Fed is less than sterling.

[Finster]

Re: 5 year lag on FOMC transcripts

Are you sure it doesn’t go something like this … ?

phone confab, June 28, 2004, day before Fed meeting…

…

Poole: Whaddya think, Janet?

Yellen: Dunno, Bill.

Poole: We gotta make it sound like we care about inflation…

Pianalto (interrupting): What do you guys care? Big Al’s gonna make the call.

Poole: Aww, he’s into that "legacy" thing now. Ya know, barely eighteen months left. Keep the pedal to the metal and let the next poor chump deal with the mess…

Poole (continuing): … By the way, Ed, did you get your script yet?

Gramlich: Yeah, Dick sent it over yesterday. Don said Karl hadn’t sent his yet, though …

Pianalto: Talk about livin’ on the edge! You’d think it’d occur to these guys that somebody’s gonna be readin’ this stuff on the Internet one of these days … probably well before they’re six feet under, too…

Poole: ... Say ... anybody heard from Ben???

[bart]

Re: 5 year lag on FOMC transcripts

Are you sure it doesn’t go something like this … ?

phone confab, June 28, 2004, day before Fed meeting…

…

:eek: :rolleyes: ;)

Back to the Cage. You. Now.

[Finster]

Re: 5 year lag on FOMC transcripts

:eek: :rolleyes: ;)

Back to the Cage. You. Now.

Oops. Guess I did blow it pretty bad, huh?



Okay, here's the corrected version:



phone confab, June 28, 2004, day before Fed meeting…

…

Poole: Whaddya think, Janet?

Yellen: Dunno, Bill.

Poole: We gotta make it sound like we care about inflation…

Pianalto (interrupting): What do you guys care? Big Al’s gonna make the call.

Poole: Aww, you know as well as I do he's just a puppet…

Poole (continuing): … By the way, Ed, did you get your script yet?

Gramlich: Yeah, Bart sent it over yesterday. Don said he hadn’t sent his yet, though.

Pianalto: Talk about livin’ on the edge! You’d think it’d occur to Bart that somebody’s gonna be readin’ this stuff on the Internet one of these days … probably well before he's six feet under, too…

Poole: ... Say ... anybody heard from Ben???

Bart's been looking for him...

[bart]

Re: 5 year lag on FOMC transcripts

Oops. Guess I did blow it pretty bad, huh?



Okay, here's the corrected version:



phone confab, June 28, 2004, day before Fed meeting…

…

Poole: Whaddya think, Janet?

Yellen: Dunno, Bill.

Poole: We gotta make it sound like we care about inflation…

Pianalto (interrupting): What do you guys care? Big Al’s gonna make the call.

Poole: Aww, you know as well as I do he's just a puppet…

Poole (continuing): … By the way, Ed, did you get your script yet?

Gramlich: Yeah, Bart sent it over yesterday. Don said he hadn’t sent his yet, though.

Pianalto: Talk about livin’ on the edge! You’d think it’d occur to Bart that somebody’s gonna be readin’ this stuff on the Internet one of these days … probably well before he's six feet under, too…

Poole: ... Say ... anybody heard from Ben???

Bart's been looking for him...

Oh brother... :rolleyes: :rolleyes: :rolleyes:



And here's a cage that may hold you better:





Have you ever read any of the transcripts by the way?

[Finster]

Re: 5 year lag on FOMC transcripts

Oh brother... :rolleyes: :rolleyes: :rolleyes:

And here's a cage that may hold you better:



Have you ever read any of the transcripts by the way?

No, just tap their phones ...

[blazespinnaker]

Re: 5 year lag on FOMC transcripts

Truly - those transcripts help a huge amount in seeing what they were really looking at and what they knew too.

I'd suggest some caution on using it to learn macro-economics though - the track record of the Fed is less than sterling.

Hey, I ran into some terminology I'm not familar with and can't seem to google it.

Any idea what 1979H1 means?

[blazespinnaker]

Re: 5 year lag on FOMC transcripts

I love some of this stuff I'm reading about how they're worried that they don't have enough "availabilities" should heavy intervention continue to be necessary.

It's a pet theory of mine that they discontinued m3 because they didn't want to supply information to people who might use it to game the fed.

[bart]

Re: 5 year lag on FOMC transcripts

Hey, I ran into some terminology I'm not familar with and can't seem to google it.

Any idea what 1979H1 means?

It would depend somewaht on the context, but my best guess is 1st half of 1979 - January through June.

[bart]

Re: 5 year lag on FOMC transcripts

I love some of this stuff I'm reading about how they're worried that they don't have enough "availabilities" should heavy intervention continue to be necessary.

It's a pet theory of mine that they discontinued m3 because they didn't want to supply information to people who might use it to game the fed.

I don't recall that "availabilities" term - what dates are you reading?

I agree with your theory. There are certainly enough hedge funds, etc. out there to successfully gang up on the Fed, somewhat like Soros did to the BoE.

[bart]

Re: 5 year lag on FOMC transcripts

No, just tap their phones ...

Do you hear a heavy knocking on your door too?

[blazespinnaker]

Re: 5 year lag on FOMC transcripts

It would depend somewaht on the context, but my best guess is 1st half of 1979 - January through June.

Of course. That's where I'm starting, btw.