The government is beginning to reopen after President Donald Trump signed a House-passed funding package on Wednesday night, ending the record 43-day shutdown. But the White House has suggested the inflation and jobs data skipped during the shutdown may be permanently lost, just a few weeks before the Federal Reserve will weigh in on December rate cuts.
“The Democrats may have permanently damaged the Federal Statistical System with October CPI [Consumer Price Index] and jobs reports likely never being released,” White House Press Secretary Karoline Leavitt told reporters on Wednesday. “All of that economic data released will be permanently impaired leaving our policy makers at the Fed flying blind at a critical period.”
