Statistical Shake-Up: McEntarfer's Firing Sparks Economic Concerns
Former BLS Commissioner Erika McEntarfer warns of economic dangers following her sudden dismissal by President Trump. Accused of manipulating data without evidence, McEntarfer compares the situation to crises in Argentina, Greece, and Turkey. Her firing symbolizes broader impacts of government downsizing under the Trump administration, highlighting potential U.S. economic risks.
Former Bureau of Labor Statistics Commissioner Erika McEntarfer, recently dismissed by President Donald Trump, warns of severe economic impacts from her firing. She emphasized the 'dangerous step' of dismissing a chief labor statistician during remarks at New York's Bard College.
McEntarfer, accused by Trump of manipulating employment data for political aims without presenting evidence, drew parallels to countries like Argentina, Greece, and Turkey which faced economic crises after losing trust in statistical data. The implications, she noted, could lead to higher inflation and borrowing costs.
McEntarfer's replacement, E.J. Antoni of The Heritage Foundation, follows a trend of significant personnel changes in government agencies under Trump, including a 15% workforce reduction at BLS impacting critical data collection. The administration's approach poses risks of further economic instability, McEntarfer cautioned.
(With inputs from agencies.)
Google News