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Federal Reserve Can Operate During Shutdown Using Alternative Data, Says Vice Chair

Vice Chair Jefferson confirmed the U.S. central bank can rely on nontraditional data sources to guide policy if official reports are delayed by a government shutdown.

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Terms & Concepts
  • Federal Reserve: The central banking system of the United States, responsible for monetary policy, financial stability, and supervision of banks.
  • Government shutdown: A closure of nonessential federal operations due to lack of budget approval, often halting official data releases.
  • Alternative data sources: Nontraditional information channels, such as private sector reports or market data, used when official statistics are unavailable.