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Wash: Hopes to achieve real-time data-based policy making within one year.

金色财经_
Jinse Finance reports that on July 1, Federal Reserve Chairman Walsh set an ambitious timetable aimed at enabling the Federal Reserve to rely on new technologies that provide real-time economic data, thereby reducing reliance on lagging government survey data. Walsh stated: "My vision is that within the next 9 to 12 months, we will use new technologies to grasp the dynamics of the real economy in a synchronized, real-time manner, allowing us to make more informed decisions; we will no longer rely solely on data from government agencies that have statistical biases and whose survey content is no longer applicable."
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