How Your Experience of the Economy Matters to the Fed: A Conversation with Governor Michael S. Barr
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How Your Experience of the Economy Matters to the Fed: A Conversation with Governor Michael S. Barr
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How your community experiences the economy—whether you and your neighbors can access employment, afford your home or small business expenses, or save for future goals—matters to the Federal Reserve. Through its community development function, the Federal Reserve builds relationships and regularly engages with communities in every region of the country. The first-hand insights and real-time impressions of economic conditions that arise from these community connections help inform the Federal Reserve's work.
During this special conversation with Governor Michael S. Barr, the Federal Reserve Board's oversight governor for consumer and community affairs, we will explore the importance of community engagement. Governor Barr discusses how community engagement helps Fed decisionmakers better understand Americans' day-to-day-economic experiences, concerns, and opportunities. Hear more about Governor Barr's background in community development and its role in his work over the years. Learn more about what he is hearing from communities and businesses around the country and the value he and the Fed gain from these community insights.