Core Insights - A recent survey indicates that 89 out of 100 top policy experts express concerns over the quality of U.S. official economic data, with many fearing insufficient urgency from authorities to address the issue [1][2][3] Group 1: Concerns Over Data Quality - The survey reveals that 41 out of 100 economists are "very concerned" about the quality of U.S. economic data, highlighting fears regarding future data releases [2] - A significant reduction in the workforce at the Bureau of Labor Statistics (BLS) and other government agencies is seen as a potential threat to the reliability of data used for decision-making by policymakers, companies, and households [1][2] - Over 80% of respondents believe that U.S. authorities are not treating the accuracy of economic data with sufficient urgency [3][4] Group 2: Impact of Budget Cuts - Approximately 70% of respondents feel that U.S. government agencies lack the resources necessary to maintain high-quality economic data collection and publication [4] - The BLS has announced it will stop calculating and publishing around 350 components of the Producer Price Index (PPI) due to staff reductions, which is a key inflation indicator [2] - Experts note that budget cuts are occurring at a time when conducting surveys is becoming increasingly difficult, as more effort is required to sample and follow up with respondents [4] Group 3: Implications for Federal Reserve - More than two-thirds of respondents express concern that deteriorating statistical data could impair the Federal Reserve's decision-making [4] - There are worries about the independence of the Federal Reserve from political influence, especially in light of public criticisms from President Trump [4]

Core Insights - Nearly 90% of surveyed economists express concerns about the quality of U.S. official economic data, with 41 respondents indicating they are very worried [1] Group 1 - A significant majority of economists, approximately 90%, have voiced their apprehensions regarding the reliability of U.S. economic data [1] - Among the respondents, 41 economists specifically stated that they are very concerned about the quality of this data [1]