Analysis of the Fed's communication by using textual entailment model of Zero-Shot classification

The statement is a relatively short have a broad and significant impact on financial market document of about two pages that summarizes current trends, pricing of risky assets, and spillover to the real economic perceptions, the monetary policy determined, economy, market participants are trying to better and the names of the voters. The transcripts of the press understand the changes in the future monetary policy conference consist of a transcript to be read by the outlook of central banks. In particular, the monetary policy chairperson at the beginning of the conference, as well as of the Central Bank of the United States (Federal Reserve questions and answers with reporters, and are System, hereinafter Fed) is positioned as the most approximately 20 ~ 30 pages in volume. In some cases, important because it influences the movement of the dollar, information that is not included in the statement but is of the key currency. One of the means by which central banks interest to market participants (specific information and engage in dialogue with the market and conduct smooth future prospects) is recorded. The minutes are a document policy management is the publication of various that confirms the content of the economic analysis documents, including statements and minutes issued after reported by the Fed economists, the process of discussion policy meetings, and transcripts of speeches and that led to the decision of the policy, and the variation of congressional testimony attended by senior officials. The opinion among the members, and the volume is around Federal Open Market Committee (FOMC), a meeting at 10~20 pages. Outside of the FOMC meetings, transcripts which U.S. monetary policy is formulated, meets eight of speeches and interviews by FOMC participants (Fed times a year with members of the Federal Reserve Board officials) and statements in congressional testimony will (FRB) and the presidents of the regional Fed banks as be released at each meeting.