Fed Speak

1. What is the more common name for the Federal Reserve's Summary of Commentary on Current Economic Conditions?

The Federal Register
The Beige Book
The Congressional Bulletin

2. True or false: The Federal Open Market Committee has always publicly announced its decisions regarding the fed funds rate.

True
False

3. Who was the first Fed chair to hold a press conference following a meeting of the Federal Open Market Committee?

Arthur Burns (in 1973)
Alan Greenspan (in 2001)
Ben Bernanke (in 2011)

4. True or false: The Beige Book was preceded by Federal Reserve economic summaries referred to by the colors of their covers.

True
False

5. The Federal Reserve Act requires the Fed to submit which report to Congress?

The Beige Book
The Monetary Policy Report
The Fed Funds Rate Report

6. Previously containing information retained internally within the Fed, the Beige Book started becoming publicly available in what year?

1933
1953
1983

7. The Fed's Board of Governors began submitting annual reports to Congress in what year?

1915
1935
1955

8. Longtime Fed watchers regard former Fed chair Alan Greenspan as a master of ambiguous, difficult-to-interpret policy statements. What term did they apply to his challenging manner of communicating?

Span-Speak
Greenspeak
Greentalk

9. The Fed's policymaking body, the Federal Open Market Committee, held eight scheduled meetings in 2019. How many postmeeting press conferences were held?

Two
Four
Eight

10. True or false: The press conferences that the Fed chair holds following regularly scheduled meetings of the Federal Open Market Committee are broadcast live to the public.

True
False

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