Economic Advisor Calls for Reliable Data Amid Concerns Over Revisions

U.S. economic advisor Kevin Hassett has emphasized the importance of trustworthy economic data, asserting that the figures used to inform decisions like factory construction and interest rate adjustments must be reliable and not manipulated. He expressed concern over significant revisions in economic data, suggesting that if corrections are substantially larger than initial figures, it undermines confidence in the data's credibility. Hassett called for swift improvements in data accuracy and supported the President's push for new leadership to address these issues.