Federal Reserve Chairman Discusses the Difficulty of Analyzing U.S. Economy.

Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

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COPYRIGHT 2001 The Miami Herald

Byline: Gregg Fields

Mar. 28--WASHINGTON--To the millions of concerned investors and nervous workers who have wondered just what's going on with the U.S. economy, Federal Reserve Chairman Alan Greenspan had a somewhat unsettling message Tuesday.

He doesn't know either.

Greenspan, considered an avid student of economic statistics, says there's a simple problem with the current downturn: Not enough is known about how a tech- and service-driven economy works. And the oceans of data that America is swimming in don't seem to measure the right things.

"Our data systems in the early post-World War II years were by and large adequate to the task," Greenspan said in a keynote speech...

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