The Fed speaks: Five times Federal Reserve chairmen made waves with words (Christian Science Monitor)

The Federal Reserve, the institution tasked with guarding the economy against
inflation and financial instability, has long made headlines for its words as
well as its actions. An utterance from the chairman can help reassure
financial markets or raise concerns about the economy.

Now the central bank is moving to explain itself more openly in its first-ever
formalized press conferences, so the opportunity for Fed officials to make
market-moving pronouncements may increase. Here's a look at some moments when
a Fed chairman has made waves with his words.

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