This is a repository of all FOMC Policy Statements and Implementation Notes from 1994-present.
Indeed, expectations matter so much that a central bank may be able to help make policy more effective by working to shape those expectations. -- Chairman Ben S. Bernanke
As the FOMC has become reliant on communication as a policy tool, market participants carefully monitor FOMC communication and its changes over time. By leveraging Git, a tool used by software developers to track revisions of their software files, we can treat each statement released as a revision of the first statement they released in 1994 and easily see how it changes over time.
There are two main files in this project: statement.txt and implementation_note.txt. Each will always contain the most up-to-date Policy Statement and Implementation Note from the FOMC. By viewing the history of each file, you can timetravel back through history and see how these communications have changed over time:
There are also two directories: statements and implementation_notes which contain all of the FOMC communications since 1994 as text files. These statements can be downloaded and used for automated analysis if one so chooses.
Another powerful benefit of having these statements in GitHub is the ability to leverage search. Here are some relevant examples:
As this is a public repository on GitHub, we can now have a centralized discussion about any of these communcations or any of changes between communcations using the comment functionality. For instance, we can have a discussion about the subtle change in words between two statements.
All of the content in this project was pulled directly from the Federal Reserve website. Notes on process can be found in the wiki.
| Bitcoin | Ether |
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| 16LKqd56xeJBFayBB5iShVBi7tVW4DQaEw | 0x5B0A988Aba399d1095584cBf4F84Edd60d97AE0b |