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Federal Reserve Chairman Warsh: hopes to achieve real-time data-based policy making within a year.

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no longer rely solely on data from government agencies that suffer from statistical biases and whose survey content is no longer applicable."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