Former BLS Chief Warns Powell Is “Flying Blind” at a Pivotal Time for the Fed

Former BLS chief warns Powell is “flying blind” at a pivotal time for the Fed

A once-obscure data-sharing deal between ADP and the Fed helped shape monetary policy for years—until it abruptly vanished.

Fed Lost Access to Private Jobs Data Ahead of Government Shutdown. Payroll processing firm ADP ended its data-sharing with the central bank.

Fed’s Loss of ADP Labor Statistics Adds to Data Vacuum

The Federal Reserve is no longer receiving data on private-sector employment from an independent provider, adding to policymakers’ lack of timely information on the economy amid the ongoing federal government shutdown.

Flying Blind: ADP Stops Giving the Fed Access to Its Private Jobs Data

After a speech by Fed Governor Chris Waller in August, ADP stopped giving the Fed data.