The Government Needs Fast Data: Why is the Federal Reserve Making World-altering Decisions on Stale Data?

In this contributed article, Alex Izydorczyk, founder and CEO of Cybersyn, discusses how the Federal Reserve ultimately decided to keep its key interest rate at about 5% after ten consecutive meetings during which it was hiked. This brings about an important question: Should there ever be “very big surprises” (or any surprises, for that matter) in the data on which the Fed bases these critical decisions?

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