Greenspan says more resources needed to understand changing economic structure

WASHINGTON (AFX) - Federal Reserve Board Chairman Alan Greenspan said more statistical resources are needed to understand the rapidly changing economic structure. In a speech prepared for delivery to the National Association of Business Economics, Greenspan said that U.S. statistical systems face a challenge as a larger proportion of GDP than previously has reflected the value of ideas rather than of material substance or manual labor. He made no mention of the economy or monetary policy.

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