This chapter discusses the decline in survey response rates, focusing on the housing survey. It explores the acknowledgment of this problem by the Bureau of Labor Statistics and the Census Bureau and raises concerns about data quality. It also hints at Americans' reluctance to participate, the Fed's response, and the impact on the upcoming election.
Bloomberg’s Big Take DC podcast looks into how the US managed to avoid a recession — and whether the Federal Reserve’s decisions were based on reliable data.
Bloomberg’s Saleha Mohsin talked with Claudia Sahm, an ex-Fed economist, and with Odd Lots podcast hosts Joe Weisenthal and Tracy Alloway.
Get this episode and Big Take DC episodes a day earlier by subscribing to Big Take DC.
See omnystudio.com/listener for privacy information.