You see, in the arcane world of covering the Federal Reserve, reporters are "locked up" in a room at the Treasury and forbidden to release the Fed statement until every reporter has a copy. This is to ensure a level playing field.This sounds like the process used for NASS crop reports, which can also move markets. John Kenneth Galbraith's only novel dealt with a plot to get an early look at the crop report and exploit the information.
Then all the reporters get a signal to transmit the news. The idea is to get the Fed statement out there before the next reporter because the financial markets hang on every word, comma and period.
My question: why don't all such institutions just post their data in the cloud, with email/twitter notifications to the relevant people. Avoid this 20th century stuff and recognize everyone and her brother has an Ipad now.