Photo by Alex Knight on Unsplash Natural language processing (NLP) has made great strides in recent years. A notable advance in this area is BERT, a pre-trained language model released by Google in 2018. With BERT, text data can be analyzed to state-of-the-art results with relative ease. But how well does BERT understand fedspeak, the notoriously vague language used by central bankers? In this article, we explore BERT and fedspeak. Contents What is fedspeak? NLP and BERT What are BERT embeddings?