A long shutdown could leave the Fed without critical data - CNN
CNN - Fri 11 Jan 04:56 GMT

A long shutdown could leave the Fed without critical data - CNN

Federal Reserve Chairman Jerome Powell said Thursday he's worried policymakers won't have a complete picture of the US economy if the partial government shutdown persists.

  Washington (CNN Business) Federal Reserve Chairman Jerome Powell said Thursday he's worried policymakers won't have a complete picture of the US economy if the partial government shutdown persists.

  "We would have a less clear picture of the economy, if it would go on for much longer," Powell said in remarks at the Economic Club of Washington.

  Powell said he expects the impact of a longer government shutdown to be seen "clearly" in the economic data.

  A Fed spokesman told CNN this week that staffers will continue to draw from public and private data to guide policymakers ahead of upcoming rate-setting meetings.

  Powell noted that Fed chairs have historically met with sitting presidents, although added those meetings tend to be "rare."