Fed Chair Kevin Warsh set an ambitious 9–12 month timetable to begin using new technologies that provide synchronous, real-time measures of the real economy, reducing reliance on lagging, potentially biased government survey data. Warsh said this shift would allow the Fed to make more informed policy decisions rather than depending solely on government statistics whose surveys and methodologies may no longer be fit for purpose.

2026-07-01

Fed Chair Kevin Warsh set an ambitious 9–12 month timetable to begin using new technologies that provide synchronous, real-time measures of the real economy, reducing reliance on lagging, potentially biased government survey data. Warsh said this shift would allow the Fed to make more informed policy decisions rather than depending solely on government statistics whose surveys and methodologies may no longer be fit for purpose.