Regional Community and Economic Perspectives
The Regional Community and Economic Perspectives network, comprised of community and business leaders from across the Twelfth District, provides the Federal Reserve Bank of San Francisco with real-time information on local economic conditions.
The Federal Reserve’s monetary policy decisions impact all communities, from large metropolitan cities to small rural towns. For this reason, it is important for the Federal Reserve to consider a wide range of data and perspectives. The information used for monetary policy deliberations comes from multiple sources, including quantitative data and economic analyses, as well as qualitative information from ongoing engagement with the San Francisco Fed’s network. Conversations with Twelfth District communities help the Bank understand different economic experiences, including those of households, consumers, small business owners, and large employers across the region.
In this way, these inputs and engagements further the San Francisco Fed’s mission of advancing the nation’s monetary, financial, and payment systems to build a stronger economy for Americans.
Inputs to Monetary Policy
Quantitative Data
Indicators such as employment, unemployment, wages, and inflation from various public sources.
Economic Models
Modeling and empirical analyses using economic theory and quantitative data to assess the state of the economy and make forecasts.
Boards and Councils
Real-time, “on-the-ground” information on economic sectors and geographic areas that span the District.
Beige Book
Summary of District economic and community conditions, published eight times a year, informed by current and former board and council members, and other Twelfth District contacts.
The Bank’s Network
Community and economic information gathered in real time from a wide range of stakeholders through the Regional Community and Economic Perspectives network and the Bank’s Regional Engagement function.
Monetary Policy and its Impact on Communities
How Your Insights Help Us at the Federal Reserve
In this Fed Communities blog post, President Mary C. Daly explains how listening to Twelfth District communities helps the Federal Reserve make better decisions and policy in support of the Federal Reserve’s dual mandate.