30 May 2017
register for the webinar

Fedspeak comes to Twitter

16 March 2012  |  4575 views  |  0 twitter logo

The Federal Reserve is to distill its typically cryptic statements on economic issues to 140 characters with the launch of an official Twitter account.

The Fed says the new channel has been opened "with the aim of increasing the accessibility and availability of Federal Reserve Board news".

To start, tweets will include items such as press releases, speeches, testimony, reports to the Congress, the Monthly Report on Credit and Liquidity Programs and the Balance Sheet, and the Federal Reserve's weekly balance sheet. Additionally, the Board will tweet about educational frequently asked questions (FAQs) and post video links.

The feed has already picked up almost 14,000 followers within hours of going live. However, those seeking a jump on the Fed's monetary policy position are likely to be disappointed, with the microblogging service playing second fiddle to the Fed's Website as the primary source of communication.

Followers may find more sport in seeing how the Fed condenses its indecipherable Fedspeak - described on Wikipedia as "a turgid dialect of English" used by Federal Reserve Board chairmen in making intentionally wordy, vague, and ambiguous statements - into the 140 character limit set by Twitter.
KeywordsSOCIAL MEDIA

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

American Express syncs cards to Twitter for hashtag discounts

American Express syncs cards to Twitter for hashtag discounts

07 March 2012  |  12160 views  |  0 comments
Standard Bank draws fire for FNB tweets

Standard Bank draws fire for FNB tweets

28 February 2012  |  5717 views  |  0 comments
Economists get romantic with #FedValentines

Economists get romantic with #FedValentines

13 February 2012  |  4945 views  |  0 comments
Topsy Labs to release Twitter trading tool

Topsy Labs to release Twitter trading tool

25 January 2012  |  6642 views  |  0 comments
Euro zone crisis fix? There's an app for that

Euro zone crisis fix? There's an app for that

17 November 2011  |  5979 views  |  4 comments
Cyber-crooks take control of Bank of Melbourne Twitter account

Cyber-crooks take control of Bank of Melbourne Twitter account

16 September 2011  |  7113 views  |  0 comments
Tweeter lifts lid on Goldman Sachs lift talk

Tweeter lifts lid on Goldman Sachs lift talk

15 August 2011  |  11272 views  |  0 comments
WallStreetBirds taps Twitter data for stock tips

WallStreetBirds taps Twitter data for stock tips

08 August 2011  |  8668 views  |  2 comments
Morgan Stanley Smith Barney lets brokers tweet

Morgan Stanley Smith Barney lets brokers tweet

26 May 2011  |  8998 views  |  0 comments
Twitter-based hedge fund launches

Twitter-based hedge fund launches

18 May 2011  |  10638 views  |  1 comments
Social media: More than just a passing fad say bankers

Social media: More than just a passing fad say bankers

07 April 2011  |  15949 views  |  2 comments
Twitter analysis boosts trading results

Twitter analysis boosts trading results

06 April 2011  |  10845 views  |  0 comments
SEC scrutinises social media; Finra to re-examine guidance

SEC scrutinises social media; Finra to re-examine guidance

16 February 2011  |  12429 views  |  1 comments
Hedge fund taps Twitter to beat market

Hedge fund taps Twitter to beat market

17 December 2010  |  9406 views  |  1 comments
Venezuela's Twitter bank rumour-mongers face jail terms - report

Venezuela's Twitter bank rumour-mongers face jail terms - report

07 July 2010  |  6403 views  |  0 comments
Goldman PR chief sent up by Twitter imposter

Goldman PR chief sent up by Twitter imposter

05 March 2010  |  10291 views  |  1 comments
Nasdaq serves up Twitter stock buzz on iPhone

Nasdaq serves up Twitter stock buzz on iPhone

26 October 2009  |  6915 views  |  0 comments
Guatemalan Twitterer accused of causing financial panic escapes trial

Guatemalan Twitterer accused of causing financial panic escapes trial

10 July 2009  |  5020 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.capgemini.com/worldreportsvisit dh.comDownload the paper now

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
15500 views comments | 54 tweets | 83 linkedin
Did someone cancel the fintech revolution?Did someone cancel the fintech revolution?
12494 views comments | 54 tweets | 39 linkedin
Bank of America preps data sharing serviceBank of America preps data sharing service
8474 views comments | 22 tweets | 19 linkedin
Digital payments to drive social justiceDigital payments to drive social justice
8310 views comments | 25 tweets | 12 linkedin
R3 raises $107mR3 raises $107m
8305 views comments | 17 tweets | 16 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job