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Trump fires head of U.S. employment data, claiming weak jobs numbers were ‘rigged’
(www.theglobeandmail.com)
this post was submitted on 03 Aug 2025
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On the one hand, he's trying to court Wall Street by incessantly demanding lower interest rates, but this seems toxic to them. Politicizing this means any future data is suspect.
The jobs numbers are such a huge part of the capitalist opera, and I don't think every major investor wants to try to gather their own data.
Shocked at this move. He's been champing at the bit to fire Powell (fed reserve chair) and his handlers have kept him in check. Really must have blown a fuse in this case.
Not as bad as fucking with the fed, but this will frighten Wall Street.