A description of what the Beige book is

<Tab/>I think that all the sections in the Beige Book are key elements in determining the interest rate. If 10 of the 12 districts are booming in the construction and real estate section, and the banks continue to lend a lot of money for residential or commercial property, then the federal government may see it fit to raise or lower the interest rate based on the nations average. In the same, if …

…Book does a fantastic job focusing on the key elements in determining the interest rate. <Tab/>I'm not really sure as to why economist opinions vary so much. A lot of economist are from different parts of the country, so that might influence them in believing that consumer spending or manufacturing in their area is better than say another district. They all have different philosophical views on what drives the economy.