NY Fed research head calls for data innovation
More imagination and thought are needed in identifying and creating useful data for central banks to utilise in their operations, according to James McAndrews, the Federal Reserve Bank of New York's director of research.
McAndrews, speaking at a conference in New York, said that data innovation is one of two main challenges central bankers face when looking to use data effectively, the other being data stewardship.
"With data innovation, the big challenge is to use our imagination and to think
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