I like to tell people that the Fed is a uniquely American institution. What do I mean by that? Well, relative to its counterparts around the world, the U.S. central bank is highly decentralized. The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the Federal Reserve System.
This enables an understanding of the unique situation of Botswana and the interaction with global and regional developments; thus, structural evolution and trends, developmental aspirations and needs that inform policy priorities and key data trends. In turn, such exchange of information enables evaluation of prospects and policy options, going forward.