Trump’s Political Firing Undermines Data Integrity In a move that’s already sending shockwaves through Wall Street and Washington alike, President Trump has abruptly fired Erika McEntarfer, the head of the Bureau of Labor Statistics (BLS), and nominated a partisan loyalist from the Heritage Foundation to take her place. To many, it might look like just another power play. But to those of us paying attention, it’s a targeted assault on one of the few remaining economic indicators the public still believes: the Consumer Price Index (CPI). And here’s the problem—the $2.1 trillion Treasury Inflation-Protected Securities (TIPS) market is pegged directly to the CPI. These bonds adjust payouts based on official inflation data. If those numbers can no longer be trusted,…
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