Powell: Declining Availability of Government Data Is Concerning

According to a report by Jinse Finance, Federal Reserve Chairman Jerome Powell stated on Wednesday that budget cuts have limited some economic data from federal agencies, but have not yet affected the Fed’s ability to fully assess the strength and direction of the U.S. economy. However, the trend of declining data availability is concerning. Responding to a senator’s question during a Senate Banking Committee hearing, Powell said, “I don’t want anyone to think that the data has deteriorated to the point where it’s difficult for us to understand the economy. While it’s not perfect, the direction of its development is worrying.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Treasury Capital launches a convertible stock loan program worth 105 BTC
Michael Saylor Releases Bitcoin Tracker Update Again, May Reveal Additional Holdings Next Week

Trending news
MoreCrypto prices
More








