Powell: Declining Availability of Government Data Is Concerning
2025/06/25 15:59According 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
S&P 500 index futures rise 0.2%
Adam Tech: Launchpad trading volume hit a new low last week

Data: Hyperliquid platform whales currently hold $4.576 billions in positions, with a long-short ratio of 0.93