What is the Beige Book that is used by the Fed's?

Question

Federal Reserve

Answer 1

Current Economic Conditions Report, aka the Beige Book, is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector. For more information, see:

http://www.federalreserve.gov/Fomc/BeigeBook/2006/