Unbelievable, but sooo Trumpian, as he continues to take over the media and FACTS.

 

‘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.

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.

Economists, academics and corporate officials serving on a board of 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 on Wednesday.