Subject: Re: The clown show has come for the data
While I don't agree with the firing, the issue is not the poor July numbers. It is the large restatements for May & June. Trump likely feels if the original reported numbers were more accurate then the Fed would be more inclined to have lowered rates. Of course this may not be true, but the restatements were large and in the same direction. I just don't know who owns the numbers for accuracy? But it may not be unreasonable that it is the person at the top of the department.