U.S. Economic Data and Central Bank Independence Face Unprecedented Scrutiny

Recently, personnel changes at high levels in the United States have sparked widespread concerns in the market. Trump fired the director of the Bureau of Labor Statistics, while a Federal Reserve governor suddenly announced their resignation. This series of events has led to unprecedented doubts about the credibility of U.S. economic data and the independence of the Federal Reserve.

Shortly after the release of the latest non-farm payroll report, Trump ordered the dismissal of Labor Statistics Bureau Director Erika McEntarfer. Trump claimed that the employment data had been "manipulated" and accused McEntarfer of altering numbers to make certain groups "look bad." Meanwhile, Federal Reserve Governor Kugar announced that he would resign several months early. Trump then stated that Powell should also follow Kugar's lead and resign.

These sudden personnel changes have raised concerns in the market about the authenticity of U.S. economic data and the independence of the Federal Reserve. Analysts point out that if the objectivity of economic data and the independence of the Federal Reserve are subject to political interference, it may affect global capital's confidence in the U.S. market.

Trump's decision to fire the head of the Bureau of Labor Statistics shocked the economic community. The agency is responsible for releasing employment and inflation data, which are a crucial basis for global asset pricing. The U.S. Department of Labor has confirmed that McEntarfer was fired, and Deputy Director William Wiatrowski will temporarily serve as acting director.

Many economists and former officials have expressed concern about this. They warn that the consequences could be catastrophic when national leaders politicize economic data and undermine public trust in data infrastructure. Market analysts also point out that if data collection is influenced by political will, the accuracy and fairness of future data may be called into question.

Kugler's sudden resignation is seen as potentially paving the way for the early appointment of Powell's successor. Some analysts believe this could accelerate the process of selecting the next Federal Reserve Chair, with the new appointee possibly acting as a "shadow Federal Reserve Chair" before officially taking over from Powell.

The investment community has expressed widespread concern over this series of personnel changes. Some experts have stated that if a strongly opinionated head of the Bureau of Labor Statistics is appointed, Wall Street may no longer pay attention to this data. At the same time, if the accuracy of the data is compromised, it will put the market and the Federal Reserve in a very dangerous position.

Analyses indicate that the authority and independence of the Federal Reserve are one of the important factors supporting the strength of the dollar. When this foundation is threatened, it may lead to a decline in the value of the dollar. These changes not only affect workers but can also have a profound impact on the entire business community.

In general, these incidents have raised concerns in the market about the reliability of U.S. economic data and the stability of the financial system. The future direction of U.S. economic policy and the quality of data will receive more attention.