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Insights > Center News > 2026 critical-issue report: Private Canaries

2026 critical-issue report: Private Canaries

The 2026 US Monetary Policy Forum report.
Kent A. Clark Center for Global Markets, Chicago Booth
Kent A. Clark Center for Global Markets, Chicago Booth

Each year members of the USMPF panel write a report on a critical issue facing the FOMC, and the Forum debates it. The 2026 report, Private Canaries: The Value of Private-sector Data for U.S. Monetary Policy Making, asks how much the Fed can learn from the data firms and payment processors now collect in real time.

It was discussed at the Forum in New York on 6 March by Mary Daly of the San Francisco Fed and Anna Paulson of the Philadelphia Fed.

Read the report (PDF) · Every report since 2007

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