Today we are in Florida, which is part of the Atlanta Fed's District, so let me speculate on how developments in this area's economy may enter our deliberations. Jack Guynn, president of the Atlanta Fed, comes to the meeting prepared to discuss the outlook for the entire Sixth Federal Reserve District.
With respect to this particular part of the District, Jack may discuss Florida's citrus crop, the relative health of the tourism industry, and trends in Florida real estate prices. Because Florida is also a gateway to Latin America, he may also discuss factors affecting trade with that part of the world. Similar preparations take place at each of the other eleven Banks.