Interactive Brokers: The fairness and authenticity of US data will be called into question

Steve Sosnick, chief strategist at Interactive Brokers, said Mr. Coogler had been absent from the most recent FOMC meeting for personal reasons, so I think this statement is credible. But it provides an opportunity for US President Donald Trump to install a super dove. More troubling is the firing of the head of the Bureau of Labor Statistics. While the agency has clearly gone wrong and the data has been revised on an unprecedented scale, it is also unprecedented for a president to fire an official just because he doesn't like the data without really identifying the cause, which is not a good sign. It calls into question whether the information is credible and fair. If the statisticians are at the mercy of the president's political whims, the veracity of the data will be called into question.