NY Fed President Highlights CPI Distortion After Shutdown
NewsNY Fed President John Williams discusses the November CPI distortion due to a six-week government shutdown impacting data collection.
- Technical data issues impacted November’s CPI, said John Williams.
- Shutdown distorted CPI, reducing inflation rate by 0.1%.
- Shutdown’s impact on traditional data, not on cryptocurrencies.
John Williams, President of the New York Federal Reserve, revealed during a CNBC interview on December 19, 2025, that November’s CPI figure was distorted due to data collection issues.
This distortion suggests caution in interpreting the CPI, influencing assessments of economic health and possible adjustments in fiscal policy, although it did not directly impact cryptocurrency markets.
Fed President Comments on CPI Distortion
John Williams, President of the New York Federal Reserve Bank, said the November CPI was likely understated. This was due to technical reasons following a six-week federal government shutdown, which impacted data collection on rents and prices.
John Williams, President, New York Federal Reserve Bank, stated, “Technical factors distorted November’s CPI reading downward due to a six-week federal government shutdown impacting data collection on rents and other prices.”Source
The shutdown had a significant impact, skewing the CPI reading downward by approximately 0.1 percentage points. Williams noted this deviation in a CNBC interview, highlighting its effect on measuring inflation.
Immediate Impact on Inflation Measurement
The immediate effect of the distortion was a reported 2.7% annual inflation rate, down from 3% in September. This has implications for assessing economic performance accurately.
Williams’ comment focused on traditional economic data. It did not mention any direct impacts on the cryptocurrency sector or related industries.
Long-term Implications and Historical Context
The CPI distortion, primarily noted by Williams, reflects a unique data collection challenge. No similar events have previously affected the data this way.
Potential financial implications include a reevaluation of economic strategies. Historical trends show how critical accurate data is in informing economic policy and maintaining market stability. For more on recent CPI releases, refer to the Monthly Consumer Price Index News Release by the Bureau of Labor Statistics.
More From Crypto News
Aster (ASTER) Rises 4.88% in 24 Hours: What the Data Shows
Aster (ASTER) is trading at $0.655837, up 4.88% over the past 24 hours, according to CoinGecko data as of 19:13 UTC on November 11, 2026.
Bitcoin Misses Stock Rebound as ETF Outflows Hit Day Four
Bitcoin failed to follow a broad equity rebound on November 11, trading near $73,993 while Nasdaq-100 futures climbed 1.7% after CoreWeave posted an earnings be...
OCC Clears Coinbase National Trust Company for Crypto Custody
The OCC issued its decision in CD-1370 , formally authorizing Coinbase National Trust Company to operate as a federally chartered trust bank focused on digital-...
Reported Ankr Ethereum Bridge Drain Exceeds $303,000, The Defiant Says
The Ankr Ethereum Bridge was drained of more than $303,000 in an exploit carried out across five transactions.
Binance CFO Steps Down After Reported Hack, Co-CEO Cites Planned Transition
Binance’s chief financial officer has stepped down, the exchange confirmed, with the departure landing nine days after the platform suffered what has been descr...
US Treasury Takes Action Against MEXC Over Alleged $16B in Sanctions-Linked Transactions
The Treasury press release identifies MEXC as the subject of the action and ties the exchange to transaction flows connected to three sanctioned or adversarial...
