Analyst: Changing the leadership at the US Bureau of Labor Statistics won't be able to alter the fundamental nature of the data.

date
04/08/2025
Tom di Galoma, Managing Director of Mischler Financial Group, stated that Cogwell's resignation seems to indicate that the Federal Reserve is currently under immense pressure. The US government has been very clear in its desire to lower interest rates. The move to dismiss the director of the Labor Statistics Bureau by Trump is actually a way to compare current slow job growth with the Biden administration period. Brian Jacobsen, Chief Economist of Annex Wealth Management, stated that over 2000 employees of the US Labor Statistics Bureau work together on data collection, so changing the director will not alter the statistical results.