Council hears staff explain agreement with Federal Reserve for local focus groups
Councilors queried whether a new agreement with the Federal Reserve allows cancellation if researchers' reporting deviates; staff said the city can decline to host focus groups and the agreement allows cancellation, and described the researchers as neutral.
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Councilor Klonagh asked whether the proposed Resolution 683 with the Federal Reserve Bank of Minneapolis includes mechanisms to discontinue the arrangement if the focus groups do not perform as intended. A city staff member replied that the Federal Reserve began running focus groups during COVID to gather qualitative data complementary to state statistics and that researchers are "very neutral" in their reporting.
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