Can Walmart help the Fed harness real-time U.S. economic data? We’re about to find out.

The Federal Reserve appointed a former Walmart CEO to a task force charged with developing real-time data on U.S. spending, inflation, and economic growth. The task force will work to create systems for collecting and analyzing economic information as it occurs rather than relying on delayed quarterly or monthly reports. No timeline for the task force's work or specific deliverables were detailed in the announcement.

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