A small department of statistics was founded in the India House in 1847. In 1848, the first census relating to the area and revenue of each in North-West Provinces was released. In 1853, the department released the first series of statistical papers on India.
A more direct method, which I personally prefer, would be for the Fed to begin announcing explicit ceilings for yields on longer-maturity Treasury debt (say, bonds maturing within the next two years). The Fed could enforce these interest-rate ceilings by committing to make unlimited purchases of securities up to two years from maturity at prices consistent with the targeted yields.