Speech

Center for the REstoration of Economic Data: The Past Is Indeed Prologue

Abstract: Philadelphia Fed President and CEO Patrick T. Harker, speaking at the inaugural conference of the Philadelphia Fed’s new Center for the REstoration of Economic Data (CREED), announced the Center’s commitment to bringing historical data to light by “taking unstructured, analog data and converting it into useful, accessible, and high-quality data” for public use. In discussing the Philadelphia Fed’s recent research on housing, Harker stressed the importance of “bringing old data to light” to find a “historical economic perspective,” and “to better inform our present moment.” Harker concluded that the research brought forth by CREED will be “data that policymakers and others can use to better understand the problems of the day, and, in some cases, craft broad-based solutions to those problems.”

Keywords: CREED; Center for the REstoration of Economic Data; Data;

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Speech

Publication Date: 2024-08-15