The Federal Reserve is set to release another policy statement on Wednesday afternoon, explaining its view of the US economy.

The statement is likely to be about 500 words long.

The length alone is a problem for the Fed’s key means of communicating with markets, according to Vincent Reinhart, the chief economist at Standish Mellon Asset Management, the fixed-income investment boutique of BNY Mellon Asset Management.

The first Fed statement to be released right after a policy meeting was issued on February 4, 1994. It was three paragraphs and 99 words long.

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