What is the Federal Reserve, and how do they know what’s happening in the local economy? Brian Anderson, Regional Executive of the Federal Reserve Bank of Cleveland, joins Steve Millard to explain how insights from business owners and leaders feed reports like the Business Outlook and Trends Survey (BOTS) and the Beige Book. By tracking labor markets, prices, demand, and other local business trends, these boots-on-the-ground perspectives give decision-makers a real-time view of the region’s economic health. For a comprehensive list of reports, visit clevelandfed.org/publications.