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Fed's Goolsbee: Will need to turn to other data sources if US reports suspended during shutdown -Fox Business

BY Reuters | ECONOMIC | 09/30/25 03:52 PM EDT

WASHINGTON (Reuters) -Chicago Federal Reserve President Austan Goolsbee said on Tuesday that U.S. central bankers would have to hunt for alternate data sources to consider at their October 16-17 policy meeting if upcoming government reports on jobs, inflation and other aspects of the economy are suspended because of a government shutdown.

The self-funded Fed would remain open even if the rest of government closes. "It pains me that we wouldn't be getting official statistics at exactly a moment when we're trying to figure out is the economy in transition," Goolsbee said on "The Claman Countdown" on Fox Business.

(Editing by Leslie Adler)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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