Fed's Kroszner on innovative statistics

In the speech 'Innovative statistics for a dynamic economy' given on 24 May Randall Kroszner of the Federal Reserve said that Congress should spend money and seek new approaches to bring U.S. economic statistics into the new century.

"Innovations in economic statistics must keep pace with innovations in the economy," said new Fed governor Randall Kroszner in a speech to a seminar for journalists on the economic statistics sponsored by the National Association for Business Economics.

"The task of

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