Fed's Powell says central bank still has the needed data to do its work
ReutersJun 18, 2025 7:18 PM
By Michael S. Derby
June 18 (Reuters) - Federal Reserve Chairman Jerome Powell said on Wednesday that amid signs of cutback in data collection, the central bank is still able to do what it needs to do.
“The data we get right now, we can do our jobs. I'm not concerned that we can't do our jobs," Powell said at a press conference. But this data is important and amid cutbacks, “I would want to keep investing in that...for the good of the general public.”
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