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Closing Trump spare some bad economic news
But what if it can close the government for a long time enough to prevent BLS from collecting data that will need to report the consumer price index on October 14? Then it will be the Federal Reserve Bank less Information otherwise to judge whether inflation is very high! The preferred inflation scale of the Federal Reserve is the Ministry of Commerce Personal consumption indexOr pciThe consumer price index is not, but the PCI depends on BLS data, and in any case the next PCI version will only come out after the Federal Reserve made its decision. Delay in the consumer price index may also mean that social security recipients will get less than the cost of living, which I assume that Trump will judge a plus.
So, it turns out that the closure of the government is Trump’s sky: although we know that the economy is stumbling, we do not know How much is the price? He stumbles because we do not have data. As Lisa Festtston Note the twoTrump wins war against data. There are no better job numbers than bad job numbers.
This last point was not escaped from Senator Elizabeth Warren. On Thursday, Russell Vogue, Omp Director and Director of Project 2025, wrote to demand not to hold the job number hostage to the government. “According to experts,” Notice Warren“Friday’s report on Friday’s report is ready for the public version.” In fact, as former BLS Commissioner Bill Beach He said In an interview this week, “The job report is likely to be written in the final draft and can be released on Friday, in the event of reopening the agency.” If it was written in the final draft, then why wait? Warren concluded that “the administration chooses not to issue the job report on Friday.”
https://newrepublic.com/article/201361/shutdown-bls-jobs-trump-bad-economic-news?utm_source=flipboard&utm_content=thenewrepublic%2Fmagazine%2FPolitics



