The Federal Reserve is planning on monitoring what you say about it on social media platforms like Twitter and Facebook.
As first reported on Zero Hedge, the Federal Reserve Bank of New York is soliciting proposals from developers for a “Social Listening Platform” that will monitor “the primary social media platforms – Facebook, Twitter, Blogs, Forums and YouTube.”
The Fed also states the “Social Listening Platform” to “Handle crisis situations, “Continuously monitor conversations,” “Identify and reach out to key bloggers and influencers,” and that the software “be able to aggregate data from various media outlets such as: CNN, WSJ, Factiva etc.”
The Fed is requesting that all information is provided in real-time and that “sentiment analysis” be a central feature of the developed software.
In other words, the Fed wants anything said about it on a social platform to be categorized as “positive, negative or neutral.”
I can’t believe I never heard of this before. I’ll bet if this gets attention here, it will get their attention also! (Instantly downvoted and I wouldn’t expect anything less)
I understand that this can be interpreted as a service, because I have seen falsehoods about the Fed shown to be wrong, but something about this just doesn’t seem good. If the Fed wanted to do this, and they probably did even if it wasn’t admitted to, what other agencies, departments, and banks “reach out to key influencers”?