Chicago Federal Reserve President Austan Goolsbee said Tuesday the central bank will look at alternate data sources to consider at its October meeting if upcoming economic data is not released as scheduled due to a potential government shutdown.

The government is slated to shut down at 12:01 a.m. ET on Wednesday if Congress fails to approve a funding extension. The House has passed a continuing resolution, but efforts have stalled in the Senate as Democrats push for continued funding of healthcare subsidies set to expire. The Labor Department would be included, and it said it would halt all economic data releases in the event of a partial shutdown.

"The Bureau of Labor Statistics is the best source of data that we have," Goolsbee told FOX Business Network’s Edward Lawrence in an excl

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