Economic TimesLean R·
US Stock Market: Fed's Warsh targets real-time economic data overhaul, unveils global advisory task forces
Federal Reserve Chairman Kevin Warsh is spearheading a significant shift towards real-time economic data, aiming to reduce reliance on traditional government statistics within a year. He believes current methods are too slow and error-prone, impacting policy decisions. Warsh is establishing task forces, including international experts, to explore new data collection and analysis techniques, promising independent advice for institutional improvements.
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