- United States
- Tenn.
- Letter
The recent actions taken by President Trump to fire the Bureau of Labor Statistics (BLS) Commissioner and signal increased influence over the Federal Reserve raise concerns about preserving the independence and integrity of these institutions. The dismissal of the BLS Commissioner for presenting data that seemingly contradicted the administration's narrative is an alarming precedent that threatens to undermine public trust in vital economic metrics. Similarly, the planned appointment of a new Federal Reserve Governor risks injecting political motivations into monetary policy decisions that should remain insulated from partisan interference. Maintaining faith in authoritative sources of economic data and ensuring the Federal Reserve can operate without undue influence are critical for market stability and public confidence. A measured approach that respects institutional autonomy and prioritizes objectivity over political expediency would better serve the long-term interests of the nation's economic health. I urge you to take steps to limit excessive presidential meddling with independent agencies tasked with stewarding the economy and providing transparent data and analysis.