Abstract
Financial discourse is generally considered to be objective, impartial, unambiguous and least ideology-ridden. However, in recent years, this viewpoint has been challenged by people in the field of mass communication, sociology and linguistics as well. Based on the theory of Critical Discourse Analysis (CDA) and mainly adopting Fairclough’s three-dimensional framework of CDA, this paper, focusing on the financial remarks of Ben S. Bernanke who is said to be a careful, non-ideological person, intends to testify that although language of financial remarks is always claimed to be neutral, credible and undistorting, it is nevertheless ideology-loaded. With the linguistic instrument loaned from Halliday’s Functional Grammar, the analysis will be conducted step by step from a description of the textual features of the speeches, to the interpretation and explanation of the speeches from discoursal and social aspects to uncover the hidden ideological messages. It is hoped that this study can provide some implications for pedagogical application and be helpful for those in the field of finance who follow closely Bernanke’s or the present Chairman’s financial remarks.
Highlights
In recent years, there have been great changes in the world’s economy after the financial crisis and every country is making strenuous effort to improve its economy
It is hoped that this study can provide some implications for pedagogical application and be helpful for those in the field of finance who follow closely Bernanke’s or the present Chairman’s financial remarks
Though Bernanke is believed to have no clear and obvious political inclination, he is after all a government official and his financial remarks might be influenced by dominant ideologies to a certain degree
Summary
There have been great changes in the world’s economy after the financial crisis and every country is making strenuous effort to improve its economy. On today’s global stage, the U.S has been playing an authoritative role in many events, especially the central bank of the United States—the Federal Reserve, which makes the economic or financial policies that will directly or indirectly influence the world’s economic development. The financial remarks made by the Chairman of the Federal Reserve Board (FRB), which always affect the stock market of the U.S or even of the whole world, become extremely important. Ben Shalom Bernanke was made Chairman of America’s Federal Reserve in 2006 and used to be the most powerful man second to the U.S President. During his tenure, he oversaw the Federal Reserve’s response to the late-2000s financial crisis. It is hoped that this study can provide some implications for pedagogical application and be helpful for those in the field of finance who follow closely Bernanke’s or the present Chairman’s financial remarks
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