Speaking of the Economy

Author: Richmond Fed

Speaking of the Economy is the podcast of the Federal Reserve Bank of Richmond. In each episode, we'll hear from the Richmond Fed's economists and other experts at the Bank and in the communities we serve about the economic issues they are exploring.
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Language: en-us

Genres: Government, News

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Understanding the Economy as Data Revisions Happen
Wednesday, 18 February, 2026

Thomas Lubik reviews how widely used macroeconomic data like GDP is compiled and updated, and how the revision process strikes a balance between decisionmakers' needs for timeliness and accuracy. Lubik is a senior advisor in the Research department of the Federal Reserve Bank of Richmond. Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2026/speaking_2026_02_18_data_revisions