Firing the BLS Commissioner because you don't like the data is a dark day.
Reminder: BLS produces the employment and inflation data. Independence from politics is as important there as at the Fed.
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In the same breath he's dictating (1) unemployment data should be low and (2) monetary policy should act as though unemployment data is high.
Seems bad!
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The loss of independence of the BLS is not just something that would make economists lives hard … the federal government could ‘save’ a lot of money if it manipulated the CPI.
