Recent actions by the Trump administration targeting key economic institutions have raised concerns among analysts about the long-term stability of America’s data integrity and policymaking independence. The president has intensified his criticism of both the Federal Reserve and the Bureau of Labor Statistics (BLS), accusing them of producing misleading economic data. These attacks, experts warn, could undermine public trust in foundational institutions that have historically operated free from political interference. n nThe BLS, responsible for calculating unemployment and inflation figures, has come under fire for reporting trends that contradict the administration’s optimistic economic narrative. Trump has dismissed recent data showing softening labor conditions as inaccurate, despite widespread consensus among economists about their reliability. Similarly, his repeated demands for the Fed to cut interest rates—regardless of inflationary pressures—have fueled fears of political pressure influencing monetary decisions. n nAnalysts note that while presidents have occasionally criticized central banks, the current level of sustained public attacks is unprecedented in modern history. Such behavior risks eroding the credibility of independent agencies essential to financial markets and policy planning. n n“The independence of statistical agencies and the central bank is a cornerstone of economic stability,” said one economist who requested anonymity. “When political leaders delegitimize these bodies, they weaken the very infrastructure that supports investor confidence and informed decision-making.” n nThe situation has drawn comparisons to actions in countries where economic data is manipulated for political gain, though U.S. institutions still maintain operational autonomy. Still, the rhetoric has prompted calls for stronger safeguards to protect data transparency and institutional integrity. n nIf public confidence in official statistics declines, it could lead to increased market volatility and reduced effectiveness of policy responses during future economic downturns. n
— News Original —nnytimes.comn nTrump’s Attacks on the Fed and BLS Threaten Key Source of Economic Strength The New York Times