"Fedapalooza” or “fed-a-palooza” (Federal Reserve + lollapalooza) is a term used for when the Federal Reserve (or just comments from its chairman) announces its policy on subjects such as interest rates and quantitative easing. “Fed-a-palooza” has been cited in print since at least June 2006 and “Fedapalooza” since September 2007.
The term was popularized in April 2011, when The Blaze published “Ben Bernanke to Make History Tomorrow With ‘Fedapalooza’ Spectacle” on April 26th and Business Insider published “Presenting: Your Fedapalooza Survival Kit” on April 27th.
Wikipedia: Federal Reserve System
The Federal Reserve System (also known as the Federal ReserveFed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression were major factors leading to changes in the system.
The US Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve’s dual mandate. Its duties have expanded over the years, and today, according to official Federal Reserve documentation, include conducting the nation’s monetary policy, supervising and regulating banking institutions, maintaining the stability of the financial system and providing financial services to depository institutions, the U.S. government, and foreign official institutions. The Fed also conducts research into the economy and releases numerous publications, such as the Beige Book.
Tuesday, June 27, 2006
News Nuggets for the Precaffienated Brain
. Financial analysts everywhere waiting for Fed-a-palooza (interest rate announcement, that is) on June 29th.
Schaeffer’s Investment Research
The Early View - Flat as FOMC Looms, E-Trade Warns, Adobe Reports
by Nick Perry () 9/18/2007 7:59:51 AM
Good morning everyone - welcome to Fed Day… Fedapalooza...the Bernanke Bash...All the FOMC...Welcome Back Bernanke...Fedaledadingdong...you get the idea…
Stocks Slide After Jump in Jobless; Airlines Soar
Published: Thursday, 8 Apr 2010 | 11:11 AM ET
And, for a second straight day it’s a Fed-a-palooza: Minneapolis Fed President Narayana Kocherlakota will appear before the Minneapolis Chamber of Commerce at 2:45 pm. Fed Vice Chairman Donald Kohn will speak at a San Francisco Fed event at 4 pm.
Ben Bernanke to Make History Tomorrow With ‘Fedapalooza’ Spectacle
Apr. 26, 2011 9:05pm Emily Esfahani Smith
WASHINGTON (AP/THE BLAZE) — When Ben Bernanke makes history Wednesday as the first Federal Reserve chief to begin a series of regular news conferences, his tasks will be simple. That doesn’t mean they’ll be easy:
Make no unintended news. Defuse critics of Fed policymaking. Say nothing that might spook investors.
Presenting: Your Fedapalooza Survival Kit
Joe Weisenthal|Apr. 27, 2011, 6:21 AM
Today’s the day!
For the first time in history, the Fed chairman will hold a press conference following the FOMC meeting.
FT Alphaville: b2bville
Reminder: Markets Live, Bernanke presser edition, with guest host Gavyn Davies
Posted by Cardiff Garcia on Jun 21, 2011 21:01.
Yep, it’s time for Bernanke vs The Good Guys The Press, Round 2.(Sorry, but you can only use the fun nicknames — Fedstock, Fedapalooza, Bernanke Bowl, Ben and Fed’s Excellent Adventure* — once.)
The Wall Street Journal—Wealth Manager blog
October 12, 2011, 6:36 AM
The Good Leads
By Josh Brown
Fed-a-palooza today as three governors give speeches and the FOMC minutes from the last meeting are released. Here’s what else is on tap: (MarketBeat)
“Hawks, Doves, Owls And Seagulls” - Summarizing The Fed’s Bird Nest
Submitted by Tyler Durden on 05/22/2013 13:41 -0400
With part two of today’s Fed-a-palooza due out shortly in the form of the May 1 FOMC meeting minutes, here is an informative recap of the current roster of assorted birds at the FOMC via Bank of America.
New York City • Banking/Finance/Insurance • Wednesday, May 22, 2013 • Permalink