Fed Chair Powell: Data from BLS is 'good enough to do our work'

We saw the preliminary benchmark revisions uh down 911,000. Um the revisions for June were the first negative revisions we've seen since December of 2020. You know, how can the Fed base important decisions on rate uh and what to do with the inter with the interest rates on data that seems to be as you've called it in the past noisy.>> So on on the QCW um the provision that we saw was almost exactly what we expected. It it was amazing how close the expectation was. So, and the reason for that is for the last ...