J.P. Morgan: Sudden dismissal of the Bureau of Labor Statistics Director may endanger data credibility and policy transparency.
JPMorgan Chase warned that the sudden dismissal of the Bureau of Labor Statistics Director could endanger the credibility of data and policy transparency. Prior to this, President Trump ordered the dismissal of Bureau of Labor Statistics Director Erika McEntarfer on August 1, citing that the July employment report data was "far below expectations" and that the newly added job numbers for the previous two months were significantly revised downwards.
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