Federal_Reserve's Kevin_Warsh Seeks Real-Time Data

United States — Federal Reserve Chairman Kevin Warsh has announced an ambitious plan for the U.S. central bank to transition to real-time economic data within 9-12 months, moving away from what he describes as problematic government reports. He criticized the United States — Federal Reserve's over-reliance on official data that often lags or misrepresents current conditions, attributing persistent inflation to poor data-driven decisions. To achieve this, Kevin Warsh will establish five new task forces, one specifically dedicated to identifying new data sources and methods. This initiative coincides with efforts by U.S. government agencies, such as the United States — Bureau of Labor Statistics and the United States — Bureau of Economic Analysis, to improve the accuracy and reliability of their economic reports. Donald Trump's previous firing of a BLS chief over data concerns and the appointment of Brett Matsumoto to address technical issues underscore the broader push for better economic intelligence.