Dalio comments on Trump firing labor statistics bureau director

Ray Dalio evaluates Trump's firing of the director of the Bureau of Labor Statistics: I might also fire the director of the Bureau of Labor Statistics. This is because the agency's estimation process is clearly outdated and prone to errors, and there is currently no comprehensive improvement plan in place. It would be a good thing if President Trump could clarify his thoughts. In any case, there is a real need for extensive reform in the government's methods of estimating economic dynamics in order to improve, rather than decrease, their accuracy.