Easy access to all the Government news updates

Subscribe and receive personalized news articles straight in your inbox

*By clicking "Join us now" you agree to receive emails, promotions and general messages from ExecutiveGov. In addition, you also agree to ExecutiveGov's Privacy Policy and Terms & Conditions.

x
//

Federal Reserve Seeks to Study Facebook, Twitter Posts

1 min read
FRS image

The Federal Reserve System is soliciting proposals from developers for a tool that can monitor and analyze comments on social media platforms, including Facebook, Twitter and YouTube.

In the Fed’s “Request for Proposal for a Sentiment Analysis and Social Media Monitoring Solution,” it said it is seeking a Sentiment Analysis and Social Media Monitoring Solution to gather, analyze and report data from around the world on a continuous basis.

“The New York Fed is committed to improving its communications and engagement with the public in order to enhance and improve the public’s understanding of its activities and the role it plays in supporting the U.S. economy,” said a Fed spokesman, according to the Los Angeles Times. “To do that effectively, the New York Fed is interested in getting a better sense of the relevant concerns and discussions that are taking place in the public domain.”

In the proposal, bank officials said that they want to keep track of public opinion and that social media monitoring can accomplish that goal.

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about Civilian

Leave a Reply

Your email address will not be published.