Trump Sacks BLS Head Amid Controversy Over Economic Data
President Trump dismissed the head of the Bureau of Labor Statistics, Erika McEntarfer, sparking debate over U.S. economic data integrity. Critics fear undermining trust in official data, while administration officials defend the decision citing concerns over data revisions. Federal Reserve leadership also faces uncertainty amid these events.
President Donald Trump's decision to dismiss Erika McEntarfer, head of the Bureau of Labor Statistics (BLS), has stirred controversy regarding the integrity of U.S. economic data. Trump's administration defended the move, pointing to significant revisions in employment figures as justification.
Critics argue that McEntarfer's removal undermines the credibility of economic data, with some calling on Congress to investigate. The BLS is responsible for key economic reports like the employment statistics and consumer price indices, and revisions to data are common as additional information is received.
Adding to the uncertainty, the resignation of Federal Reserve governor Adriana Kugler has left an open spot on the central bank's board. Trump's actions, including new tariffs on trade partners, have sent shockwaves through global markets, further complicating economic predictions.
(With inputs from agencies.)
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