Fed's Fischer: US GDP data may understate economy's health

FXStreet (Bali) - Federal Reserve Vice Chairman Stanley Fischer is answering audience questions after a speech at an Atlanta Federal Reserve conference, noting that US GDP data may understate economy's health, Bloomberg reports.

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"U.S. employment data is more reliable than output (GDP) data, which is subject to wide revisions."

"I have a firm belief that the employment data are significantly better than the output data."

"You do see huge revisions in the GDP data from time to time."

"I think there is a significantly positive probability that GDP data may not be accurate" Fischer said.