Fed Chairman Bernanke’s Favorite Words…“Employment” a Distant 4th
Saturday, November 12, 2011
Federal Reserve Chairman Ben Bernanke doesn’t seem to consider America’s unemployment problem a high priority. An analysis of Bernanke’s public testimony by the investor website dshort.com found his favorite word to be “financial,” (1,298 mentions) followed by “banks” (971) and “inflation” (430).
“Employment” ranked fourth with 175 mentions, just ahead of “financial institutions” at 169.
In discussing an August speech of the Fed chairman’s that emphasized the words “financial,” “growth” and “economic,” Ezra Klein at The Washington Post remarked that “it was a speech about how the Federal Reserve isn’t, as of this moment, going to do anything dramatic to combat the crisis of joblessness plaguing America. Nuts.”
-Noel Brinkerhoff
What's Stability Got to Do With It? (by Chris Turner, dshort.com)
Bernanke’s Speech in One Word Cloud (by Ezra Klein, Washington Post)
Banks Still Earning Interest on $1 Trillion Reserves Thanks to Federal Reserve (by David Wallechinsky and Noel Brinkerhoff, AllGov)
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