ChrysMYO t1_is4iecw wrote
Reply to comment by edblardo 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
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.
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