A possible shutdown at the end of this month could make the job of the Fed more difficult as economic tracking from certain agencies would cease.
Federal Reserve Chair Jerome Powell says the central bank is "awaiting further data" as it mulls whether to raise rates during two more meetings scheduled this year. The possible coming government shutdown could make that more difficult.as appears increasingly likely
"We would just have to deal with that," Powell said at a press conference Wednesday, responding to a question from Yahoo Finance's Jennifer Schonberger about the possibility of a data shortage.decided Wednesday to hold rates steady, at a 22-year high, while leaving open the potential for one more hike this year.
A shutdown would likely largely shutter agencies like the Bureau of Labor Statistics, which compiles key economic indicators such as the monthly jobs report. Federal Reserve Board Chairman Jerome Powell speaks during a news conference Wednesday in Washington.
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