FRED FAQs

Question 1

How does FRED integrate with AI assistants?

Accepted Answer

FRED operates as an MCP server, allowing it to communicate with MCP-compatible AI clients (e.g., Claude Desktop) via stdin/stdout. This enables AI assistants to directly query and retrieve economic data using the tools exposed by the FRED server, enhancing their data analysis capabilities.

Question 2

What is FRED and its primary function?

Accepted Answer

FRED is a Model Context Protocol (MCP) server that connects AI assistants to the Federal Reserve Economic Data (FRED) API. Its primary function is to enable simple, programmatic access to a vast array of economic and financial data for analysis and integration within AI-driven workflows.

Question 3

What kind of data can I access using FRED?

Accepted Answer

You can access a wide range of economic and financial data, including time series data for specific indicators like GDP, unemployment rate, CPI, and interest rates. You can also search data series by keywords, browse categories, and retrieve detailed metadata and release information.

Question 4

Do I need a FRED API key to use this tool?

Accepted Answer

Yes, a free FRED API key is required to use the FRED tool. You can easily obtain one by creating an account and requesting a key from the official FRED website, which is typically approved instantly.

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