Chicago Fed President Says Shutdown Impact Hinges on Duration and Scale
The Federal Reserve Bank of Chicago’s chief noted that the economic consequences of a U.S. government shutdown will vary based on how long it lasts and its overall scope.
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Terms & Concepts
Government Shutdown: A situation where non-essential U.S. federal government operations cease due to lack of funding approval by Congress.
Federal Reserve Bank of Chicago: One of 12 regional Reserve Banks in the U.S. central banking system, overseeing monetary policy in its district.