Alexopoulos, Michelle; Han, Xinfen; Kryvtsov, Oleksiy; … - 2022 - Last updated: May 5, 2022
We measure soft information contained in the congressional testimonies of U.S. Federal Reserve Chairs and analyze its effect on financial markets. Our measures of Fed Chairs' emotions expressed in words, voice and facial expressions are created using machine learning. Increases in the Chair's...