Sometimes you need to consider an assortment of data, and FRED’s dashboard tool lets you assemble and simultaneously view multiple economic variables. For example, the image above links to a dashboard of “stress test” indicators that help the Fed assess the resilience of banking institutions. As part the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Fed crafts hypothetical economic scenarios (e.g., a spike in interest rates or a sharp contraction in GDP) and then analyzes banks to see how they would hold up. To learn more about the Fed’s stress test methods, click here.
How this dashboard was created: Go to the Fed’s stress test website, which is linked above, to see the variables used. Search for these stress test variables (or close equivalents) in FRED. Create each graph and then select “Save Graph.” If you have a FRED account, you will be prompted to log in. If you do not, you must create an account. Once you’ve saved as many graphs as you’d like, go to “My Dashboards” and click the “Create” button. To add the saved graphs, use the “Saved Graphs” option under “Add Widget.” If you are logged into your FRED account, you can save a copy of the dashboard to your account and then customize it. To learn more about FRED dashboards, click here.
Suggested by Ian Tarr.