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The Federal Reserve Plans To Monitor Facebook, Twitter, Google News

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  • The Federal Reserve Plans To Monitor Facebook, Twitter, Google News

    They're not already doing this?

    http://www.fastcompany.com/1786730/f...s-social-media

    A vendor proposal request (or RFP) from the Fed, which describes a "Sentiment Analysis and Social Media Monitoring Solution," surfaced on Scribd on September 25, and was quickly featured on gonzo finance blog Zero Hedge.


    According to the document, the Fed is now evaluating bids for a social media analysis system that will mine data from Facebook, Twitter, YouTube, blogs, and web forums--beginning in December. In order to "handle crisis situations" and "track reach and spread of […] messages and press releases," the project will also identify a number of what they call "key bloggers and influencers" to target with their outreach, and presumably monitoring, efforts.


    A Federal Reserve Bank of New York spokesperson, Jack Gutt, told Fast Company:
    "This is a new effort for the New York Fed that is under consideration at this time and I am therefore not able to provide any details. The reason for contemplating such an effort is to get a better sense of the relevant concerns and discussions that are taking place in the public domain in order to improve our communications and engagement with the public."

  • #2
    Re: The Federal Reserve Plans To Monitor Facebook, Twitter, Google News

    you vill not speak ill of zee overlords...

    Comment


    • #3
      Re: The Federal Reserve Plans To Monitor Facebook, Twitter, Google News

      Originally posted by babbittd View Post
      They're not already doing this?

      http://www.fastcompany.com/1786730/f...s-social-media

      A vendor proposal request (or RFP) from the Fed, which describes a "Sentiment Analysis and Social Media Monitoring Solution," surfaced on Scribd on September 25, and was quickly featured on gonzo finance blog Zero Hedge.


      According to the document, the Fed is now evaluating bids for a social media analysis system that will mine data from Facebook, Twitter, YouTube, blogs, and web forums--beginning in December. In order to "handle crisis situations" and "track reach and spread of […] messages and press releases," the project will also identify a number of what they call "key bloggers and influencers" to target with their outreach, and presumably monitoring, efforts.


      A Federal Reserve Bank of New York spokesperson, Jack Gutt, told Fast Company:
      "This is a new effort for the New York Fed that is under consideration at this time and I am therefore not able to provide any details. The reason for contemplating such an effort is to get a better sense of the relevant concerns and discussions that are taking place in the public domain in order to improve our communications and engagement with the public."
      What does a central bank need with an intelligence wing focused on its own population?

      It seems like they want to use it to focus on their PR campaign. I don't think it will change many minds at this point.

      Comment

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