Powell on how the lack of government data could impact rate decisions
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Powell on how the lack of government data could impact rate decisions
Fed Chair Jerome Powell was asked on Wednesday about the ongoing federal government shutdown, which is currently the second-longest in U.S. history, and how it could make policy decisions more challenging for the central bank going forward. The shutdown presents a lack of economic data as the federal government has halted the collection of key ...
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Following the Fed's decision to cut interest rates for the second time this year, Federal Reserve Chair Jerome Powell acknowledged economic damage wrought by the government shutdown — but downplayed its enduring impact. Read more: https://abcnews.visitlink.me/JZsjcG | ABC News
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Government Shutdown
Fed Chair Jerome Powell was asked on Wednesday about the ongoing federal government shutdown, which is currently the second-longest in U.S. history, and how it could make policy decisions more challenging for the central bank going forward. The shutdown presents a lack of economic data as the federal government has halted the collection of key reports on employment and inflation until it reopens. Read more: cnb.cx/4p3yb99 | CNBC
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