“I've hesitated to comment on this nomination, but it's quite obvious Antoni is not qualified. He is worse than not qualified, actually; he is agenda-driven, untrustworthy"

President Donald Trump sparked a wave of alarm and concern on Monday night by nominating Heritage Foundation senior scholar E.J. Antoni to head the Bureau of Labor Statistics.

Antoni added fuel to the fire surrounding his nomination on Tuesday when he told Fox News Digital he would likely not release more monthly jobs reports until the data issues are “corrected.”

  • N0t_5ure@lemmy.world
    23·
    12 days ago

    So, now all data will present whatever picture Trump wants to see. Jobs? We’ve got the best jobs, the most jobs, jobs are great, couldn’t be better. However, accurate data is necessary for planning and adjustment. Keeping inflation low and maintaining full employment are competing issues in the Fed’s dual mandate, and without accurate data, the Fed is shooting in the dark. Not that it will matter much soon, as Trump will appoint a lackey as Chairman in May of 2026, who will push to cut rates regardless of prudence. We’re steaming full-on towards that iceberg…

    • Clent@lemmy.dbzer0.comEnglish
      2·
      11 days ago

      Yeah, if Trump wants lower interest rates inflated job number isn’t going to make that happen. But he’ll pick a new head of the fed in a bit over a year so I’m sure they lacky will lower rates to 0% regardless