edblardo t1_is3q2dx wrote on October 13, 2022 at 1:57 AM

Reply to comment by ForHidingSquirrels in US Federal Reserve sees EV “battery belt” developing as greater than 15 battery manufacturing facilities worth greater than $40 billion are in development in the US by ForHidingSquirrels

I didn’t know that. I thought the majority of their dealings were with banks and don’t have the power to directly support any industry without Congress or the Treasury asking first.

ForHidingSquirrels OP t1_is3wfgg wrote on October 13, 2022 at 2:45 AM

They’re not supporting here - just reporting on it so they can better predict and understand the economy

edblardo t1_is559yn wrote on October 13, 2022 at 11:39 AM

This link is for the Dallas Fed. Is there a place I can go to read other analysis from them or do I have to go to each Fed district website?

Why am I getting down votes for trying to understand something? It’s literally the main reason I use Reddit.

ChrysMYO t1_is4iecw wrote on October 13, 2022 at 6:31 AM

There are various Fed branches who tend to track the nature of different sectors that concentrate in their region. For example, the Dallas Fed keeps up with the energy market regularly.

The FED doesn't directly alter private industries but their monetary policy affects these businesses. Banks consult with their business partners and trade groups and banks consult with the regional FED and this has an influence on how the FED reacts to quarterly policy decisions.