St Louis Fed’s Bullard discusses importance of revised data in policy-making
James Bullard, president of the St Louis Federal Reserve, on Monday said policy-makers are forced to set monetary policy based on current estimates of key economic indicators, even if these estimates are later revised.
In his opening message in the St Louis Fed's October Regional Economist, Bullard writes: "One of the challenges we face as policy-makers is the availability of data to assess the state of the economy in real time. Many economic data series are released with delays of weeks or
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