Fed’s Powell says central financial institution nonetheless has entry to knowledge it wants

NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell mentioned Wednesday the central financial institution has not been reduce off from any knowledge it must do its work.

Talking earlier than a Home panel because the Trump administration has been stripping authorities web sites from numerous knowledge units, Powell he wasn’t conscious of shedding something the Fed wants, whereas saying he’d communicate up if points emerged.

Powell was additionally requested about outdoors entry to essential programs the Fed and the Treasury Division use to course of authorities funds and Powell famous entry to those instruments is finished “very rigorously.”

Many observers have grown involved about entry by Elon Musk’s associates, as a part of the Division of Authorities Effectivity, to authorities fee programs which can be critically necessary and traditionally are operated removed from any political issues.

(This story has been refiled so as to add Elon Musk’s first identify in paragraph 4)

(Reporting by Michael S. Derby, Enhancing by Franklin Paul and Chizu Nomiyama)