Treasury Nominee Outlines Manufacturing Goals Focused on Domestic Production
A Treasury Department nominee described plans to shift economic measurement toward factory output. The remarks addressed current reliance on consumer prices as an indicator of abundance.
benzinga.comThe nominee said current methods track abundance through prices at retail rather than production levels at factories.
The comments focused on redirecting policy attention from consumer costs to industrial capacity. No specific legislative measures or timelines were included in the remarks.
The nominee stated that past approaches evaluated economic health primarily through checkout prices. The proposed shift would place greater weight on factory output data.
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