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[quote=Anonymous]‘Bad sign’: Purge of data experts raises alarms over economic reports
The removal of advisers supporting closely watched monthly releases may mean trouble for agencies that provide vital information on jobs and inflation.
https://www.politico.com/news/2025/03/21/labor-commerce-department-economy-data-doge-00241559

The Trump administration has dismissed advisers to key statistical agencies behind major economic reports, sparking warnings that the cuts will jeopardize the quality of data critical to policymakers and Wall Street investors.

Economists, academics and corporate officials serving on a board of unpaid advisers to the Labor Department’s statistical bureau were told this week they were no longer needed, two of the former members told POLITICO. Similar committees that advised the Commerce Department’s Bureau of Economic Analysis and the Census Bureau have also been let go. And the Federal Housing Finance Authority placed workers who assisted with its widely cited home price index on administrative leave Wednesday.

The abrupt removal of experts supporting monthly reports that are closely watched by everyone from the Federal Reserve to business leaders is a sign of trouble ahead for agencies responsible for providing vital measurements of inflation, unemployment, productivity and growth, economists and former agency officials said.

“We’re already at a place where a lot of people look at the statistics coming out of the government and are very skeptical,” said Claudia Sahm, a former Fed economist who began raising red flags about cuts to statistical agencies earlier this month. “This isn’t the right time to be undermining our confidence in that data.”[/quote]

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