In making decisions to adjust the prime interest rate, the Federal Reserve often cites shifts in the ECI as having an effect on its decision-making process. The index is also used in determining annual US government-employee salary adjustments by across-the-board General Schedule adjustments.
The Federal Reserve uses the Economic Complexity Index (ECI) as a factor when making decisions about adjusting the prime interest rate. The ECI is also used to determine annual salary adjustments for US government employees, which are made through a system of across-the-board General Schedule adjustments.