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The Fed just lost a key data feed on the job market days before its next rate meeting. A former BLS chief warns it’s ‘very concerning’ as Powell is left ‘flying blind’

Fortune•Thursday, October 23, 2025 at 6:25:20 PM
NegativeFinancial Markets
The Fed just lost a key data feed on the job market days before its next rate meeting. A former BLS chief warns it’s ‘very concerning’ as Powell is left ‘flying blind’
The recent loss of a crucial data-sharing agreement between ADP and the Federal Reserve has raised significant concerns just days before the Fed's upcoming rate meeting. This deal, which has been instrumental in shaping monetary policy, has suddenly disappeared, leaving Fed Chair Jerome Powell in a precarious position. A former chief of the Bureau of Labor Statistics has described the situation as 'very concerning,' highlighting the potential impact on economic decisions. This development matters because it could hinder the Fed's ability to make informed choices about interest rates, affecting the broader economy.
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