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Federal Reserve Chair Warsh: Hopes to achieve real-time data-based policy making within one year.

金色财经_
Jinse Finance reports, July 1st news. Federal Reserve Chairman Walsh has set an ambitious timeline aimed at enabling the Fed to rely on new technologies that provide real-time economic data, thereby reducing dependence on lagging government survey data. Walsh said: "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we will no longer rely solely on data from government agencies that is statistically biased and whose survey content is no longer applicable."
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