Core Viewpoint - The Chicago Fed President Austan Goolsbee expressed concerns that the lack of official data during a government shutdown will complicate the Federal Reserve's ability to assess the economic situation [1] Economic Conditions - Goolsbee reiterated worries about the recent rebound in service sector inflation, indicating persistent price pressures in areas least affected by tariffs [1] - He noted that while there are various non-government data sources for the labor market, inflation statistics do not have the same breadth of alternative data [1] Federal Reserve's Challenges - The Federal Reserve is entering a phase where it needs to determine if the economy is in a transitional stage, and the absence of official data will significantly increase the difficulty of making this assessment [1]