The Federal Reserve, too, relies on multiple sources of data to help achieve our dual mandate: ensuring price stability and achieving maximum employment. Some of the data upon which we draw statistical indicators of activity and prices in the real economy - tend to be backward-looking and subject to considerable revision.
BIS central bankers’ speeches  11  Caballero, Ricardo J., and Alp Simsek (2011). “Fire Sales in a Model of Complexity,” Massachusetts Institute of Technology Department of Economics Working Paper 09–28. Cambridge, Mass. : MIT, April. Cont, Rama, Amal Moussa, and Edson Bastos e Santos (forthcoming).