Warsh Forms AI Data Task Force to Sharpen US Inflation and Growth Measures After 1 Shutdown
Updated
Updated · Bloomberg · Aug 10
Warsh Forms AI Data Task Force to Sharpen US Inflation and Growth Measures After 1 Shutdown
3 articles · Updated · Bloomberg · Aug 10
Summary
Kevin Warsh has assembled a Federal Reserve task force to improve the quality and speed of US economic indicators, aiming to give policymakers better readings on inflation and growth.
AI is central to the effort because it can rapidly turn new streams of information into alternative measures that go beyond traditional gauges such as the CPI.
The push follows a period of strain in federal statistics: Trump fired the BLS commissioner, about one-third of the bureau’s senior leadership left, and the longest-ever government shutdown disrupted data collection.
That backdrop has turned once-obscure questions about statistical quality into a policy priority, with the Fed seeking more reliable, real-time signals for interest-rate decisions.