Hlib Chabaniuk

Ernie Tedeschi: Fed urged to broaden data sources for economic analysis

Ernie Tedeschi: Fed urged to broaden data sources for economic analysis
Fed urged to expand data sources

Ernie Tedeschi welcomes Warsh's push for the Federal Reserve to consider a wider range of data sources when evaluating the economy.

He cautions that national accounts are designed to cover less obvious sectors, but notes that private data now provides valuable insights on specific economic topics.

Tedeschi previously highlighted that Poland’s per capita growth data for 2021-23 may be overstated, as Ukrainian refugees are not included in official population figures in government statistics. He has also discussed a post-2024 gap in growth between business and likely-employer applications, with much of the increase driven by solopreneurs in the latest filings. These specific examples reflect his attention to how data sources shape economic analysis.

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