Powell says he is concerned about the 'direction of travel' on data collecting

Economic Data Quality - Mild degradation in the scope of surveys is observed [1] - The direction of travel regarding US economic data measurement is a concern [1] - Continuous improvement in economic data measurement is a smart investment [2] - Concerns exist about data becoming more volatile and less reliable [2] Impact on Decision-Making - Accurate economic data is crucial for the Fed, Congress, and businesses [1] - Reliable data is essential for understanding economic growth (high or low) [2] - Less reliable data will make it more difficult for the private sector [2]