- Fed makes decisions based on data, the outlook, and the balance of risks
- Fed still has a lot of data on the economy despite lack of official reports
- We have enough data to make policy, but not questioning that official data is the gold standard
He's mainly trying to soothe the naysayers on this in case the Fed does have to cut rates next month. Mostly just trying to reaffirm that despite the government shutdown, they still have the necessary information and data to make the "right" policy decision.
