A similar problem occurs in empirical studies on central bank communication that rely on newswire reports on central
bank communication. AsBlinder et al. (2008, p. 924) argue: “these intermediaries could be selective or misleading in their
reporting, or could release the story days after the interview. That said, if researchers are interested in testing market responses
to communication, it may make sense to focus on statements that actually reach market participants, and on the content as
conveyed by the media.”