Instead they can then focus their deliberations on the best possible policy assessment based on these statistics and the forecasts derived from them. Of course, this also places a heavy responsibility on the shoulders of those who are responsible for the development, compilation and dissemination of the statistics.
As I mentioned earlier, I believe monetary policy today remains accommodative, and that, with the economy now operating at or close to mandate-consistent levels for inflation and unemployment, the risks that monetary policy must balance are now more symmetric and less skewed to the downside.