White House official says October jobs and inflation data are likely to never be released | Fortune
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White House official says October jobs and inflation data are likely to never be released | Fortune
"The Democrats may have permanently damaged the Federal Statistical System with October CPI [Consumer Price Index] and jobs reports likely never being released,"
"All of that economic data released will be permanently impaired leaving our policy makers at the Fed flying blind at a critical period."
The government began reopening after President Donald Trump signed a House-passed funding package that ended a 43-day shutdown. White House Press Secretary Karoline Leavitt said October CPI and jobs reports likely will never be released, potentially permanently damaging the Federal Statistical System and leaving Federal Reserve policymakers without critical data ahead of December rate decisions. The shutdown began Oct. 1 amid disputes over spending and funding for enhanced Affordable Care Act premium tax credits. BLS staff were furloughed during the shutdown, preventing October data collection for surveys like the Current Population Survey, which polls about 60,000 households for official jobs statistics.
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