Reported 27 days ago
Wall Street is expressing worries after President Trump's dismissal of Bureau of Labor Statistics (BLS) commissioner Erika McEntarfer, fearing it could undermine confidence in economic data and monetary policy. JPMorgan's chief economist cautioned that politicization of data could disrupt financial stability, while Trump's claims of data manipulation before the 2024 election could further erode trust in key statistics used by the Federal Reserve and investors. This move marks a rare instance of a U.S. president attempting to fire a sitting BLS head, raising concerns about data integrity in the markets.
Source: YAHOO