JPMorgan Chase: Dismissal of Labor Bureau Director will lead to politicization of statistical work

J.P. Morgan pointed out that the replacement of key data nodes in the Federal Reserve's decision-making and the $2.1 trillion inflation-indexed bond market could lead to the politicization of statistical work. Even if the Eurozone's HICP-style inflation calculation method is used, it could still reduce the reported inflation rate by about 20 basis points, and private "big data" cannot replace the national representation of federal surveys, which may release distorted signals.