Ex-BLS chief says her firing by Trump marked ’dangerous step’ for economy

Investing.comTuesday, September 16, 2025 at 11:36:34 PM
Ex-BLS chief says her firing by Trump marked ’dangerous step’ for economy
The former chief of the Bureau of Labor Statistics (BLS) has expressed that her dismissal by President Trump represents a troubling development for the economy. This situation raises concerns about the independence of economic institutions and the potential impact on data integrity, which is crucial for informed policy-making. Her comments highlight the importance of maintaining unbiased economic reporting, especially during times of uncertainty.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Hong Kong leader focuses on boosting economy, livelihoods
PositiveFinancial Markets
The Hong Kong leader is prioritizing efforts to enhance the economy and improve livelihoods for residents. This focus is crucial as the city seeks to recover from recent challenges and ensure a stable future for its citizens. By addressing economic concerns, the leader aims to foster growth and create opportunities, which can lead to a more prosperous community.
Morning Bid: Finally, the Fed
NeutralFinancial Markets
The Federal Reserve is set to announce its latest decision on interest rates, a move that could significantly impact the economy and financial markets. Investors are keenly awaiting this update as it will provide insights into the Fed's stance on inflation and economic growth. Understanding the Fed's decisions is crucial for predicting market trends and making informed financial choices.
New AI deal could rapidly boost UK economy says Microsoft boss
PositiveFinancial Markets
Microsoft's CEO Satya Nadella has announced a significant new AI investment that could greatly enhance the UK economy. This deal marks the largest investment the company has made outside the US, highlighting the UK's growing importance in the tech landscape. Such a move not only underscores Microsoft's confidence in the UK market but also promises to create jobs and drive innovation, making it a pivotal moment for the country's economic future.
Trump’s quarterly reporting move is the wrong idea at the wrong time
NegativeFinancial Markets
Trump's recent decision to implement quarterly reporting is being criticized as misguided and poorly timed. This move is seen as a departure from established practices that are crucial for the integrity of US markets. The article emphasizes that such disclosures are not just regulatory requirements but fundamental to maintaining investor trust and market stability.
Trump administration sued over actions against University of California
NegativeFinancial Markets
The Trump administration is facing a lawsuit over its actions against the University of California, which raises significant concerns about educational policies and federal oversight. This legal battle could have far-reaching implications for universities across the nation, as it challenges the administration's approach to higher education funding and governance. The outcome may set a precedent for how federal policies interact with state educational institutions, making it a critical issue for students, educators, and policymakers alike.
Oil prices steady at 2-wk high as Fed rate decision looms
NeutralFinancial Markets
Oil prices have remained steady at a two-week high as investors await the Federal Reserve's upcoming rate decision. This stability in oil prices is significant as it reflects market confidence amid economic uncertainties. The Fed's decision could influence not only oil prices but also broader economic conditions, making it a key event for traders and consumers alike.
Biden Official Urges Australia to Press Trump to Revive Quad
PositiveFinancial Markets
In a significant diplomatic push, former US Deputy Secretary of State Kurt Campbell has urged Australian Prime Minister Anthony Albanese to leverage his upcoming meeting with President Donald Trump to advocate for the revival of the Quad security group. This is important as the Quad, which includes the US, Australia, India, and Japan, plays a crucial role in promoting stability and security in the Indo-Pacific region, especially in light of rising geopolitical tensions.
China's $19 trillion stock market, once called uninvestable, lures foreigners again
PositiveFinancial Markets
China's stock market, previously deemed uninvestable, is making a remarkable comeback, attracting foreign investors once again. This shift is significant as it reflects growing confidence in China's economic recovery and potential for growth. With a market value of $19 trillion, the renewed interest from international investors could lead to increased capital inflow, benefiting both the Chinese economy and global markets.
Drugmakers have pledged $350 bln in US investments after tariff threat - WSJ
PositiveFinancial Markets
In a significant move, major drugmakers have committed to investing $350 billion in the U.S. following threats of tariffs. This investment is crucial as it not only boosts the pharmaceutical sector but also promises to create jobs and stimulate the economy. The pledge reflects the industry's confidence in the U.S. market and its potential for growth, especially in the face of regulatory challenges.
This week’s Fed meeting is shaping up to be the strangest in years—and that’s not even counting the discussions about how much to cut rates
NeutralFinancial Markets
This week's Federal Reserve meeting is expected to be one of the most unusual in recent years, with discussions not only focused on potential rate cuts but also on various unexpected topics. This matters because the decisions made by the Fed can significantly impact the economy, influencing everything from inflation to employment rates.
Fired by Trump, a Former Labor Official Warns Against Politicizing Economic Data
NeutralFinancial Markets
A former labor official, who was dismissed by Trump, has raised concerns about the dangers of politicizing economic data. This warning is significant as it highlights the importance of maintaining the integrity of economic statistics, which can influence public policy and economic decisions. The official's perspective sheds light on the potential consequences of manipulating data for political gain, emphasizing the need for transparency and accuracy in reporting.
Japan trade balance shrinks less than expected in August on US trade clarity
NeutralFinancial Markets
Japan's trade balance for August has shown a smaller contraction than analysts anticipated, largely due to clearer trade relations with the United States. This development is significant as it suggests a potential stabilization in Japan's economy, which has been under pressure from global trade tensions. The improved trade figures could indicate a more favorable environment for Japanese exports, which is crucial for the country's economic recovery.
Latest from Financial Markets
Nissan to shut design studios in US and Brazil and downsize London, Japan operations
NegativeFinancial Markets
Nissan has announced the closure of its design studios in the US and Brazil, along with a downsizing of its operations in London and Japan. This decision reflects the company's ongoing efforts to streamline operations and reduce costs amid challenging market conditions. The move is significant as it may impact local economies and the automotive design landscape, raising concerns about job losses and the future of innovation in these regions.
Asia FX muted, dollar steady with Fed rate cut in focus
NeutralFinancial Markets
The Asian foreign exchange market is showing muted activity as the dollar remains steady, with traders closely watching for indications of a potential rate cut from the Federal Reserve. This situation is significant as it reflects the ongoing uncertainty in global markets and the impact of U.S. monetary policy on currency values. Investors are keen to see how these developments will influence trade and investment flows in the region.
Ben & Jerry’s co-founder Greenfield resigns over loss of independence under Unilever, FT says
NegativeFinancial Markets
Ben & Jerry's co-founder, Greenfield, has resigned due to concerns over the company's loss of independence after being acquired by Unilever. This resignation highlights the ongoing tension between maintaining a brand's original values and the pressures of corporate ownership. It matters because it raises questions about how large corporations can impact the identity and mission of beloved brands.
Hong Kong leader focuses on boosting economy, livelihoods
PositiveFinancial Markets
The Hong Kong leader is prioritizing efforts to enhance the economy and improve livelihoods for residents. This focus is crucial as the city seeks to recover from recent challenges and ensure a stable future for its citizens. By addressing economic concerns, the leader aims to foster growth and create opportunities, which can lead to a more prosperous community.
US wins release of Wells Fargo banker barred from leaving China, sources say
PositiveFinancial Markets
In a significant diplomatic achievement, the United States has successfully negotiated the release of a Wells Fargo banker who had been barred from leaving China. This development highlights the ongoing tensions between the two nations but also showcases the effectiveness of diplomatic efforts in resolving such issues. The release is expected to ease some of the strain in US-China relations, which have been under scrutiny in recent years.
Morning Bid: Finally, the Fed
NeutralFinancial Markets
The Federal Reserve is set to announce its latest decision on interest rates, a move that could significantly impact the economy and financial markets. Investors are keenly awaiting this update as it will provide insights into the Fed's stance on inflation and economic growth. Understanding the Fed's decisions is crucial for predicting market trends and making informed financial choices.