financetom
Economy
financetom
/
Economy
/
Trump nominee to head BLS supports statistical agency's independence, integrity
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump nominee to head BLS supports statistical agency's independence, integrity
Jun 10, 2026 8:12 AM

WASHINGTON, June 10 (Reuters) - Brett Matsumoto, an economist nominated by President Donald Trump to be the Bureau of Labor Statistics commissioner, on Wednesday said he was committed to the agency's integrity and independence, adding that he believes strongly in its mission to produce high-quality and "objective" data on the U.S. economy.

Matsumoto, who is on leave from the economic data agency to work at the White House's Council of Economic Advisers, made his remarks at the start of his confirmation hearing before the U.S. Senate Health, Education, Labor and Pensions Committee.

Trump nominated Matsumoto early this year to run the agency that produces several of the most critical scorecards on the health of the U.S. economy after firing the previous commissioner, Erika McEntarfer, last August following the release of a monthly employment report that included historically large revisions to previously reported figures on job creation.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fed's Goolsbee: don't want to 'blow through' full employment
Fed's Goolsbee: don't want to 'blow through' full employment
Aug 2, 2024
(Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said on Friday the U.S. central bank should move in a steady way, a mild pushback against the rush of market bets that the Fed will react to a report of weak July jobs data with a bigger-than-usual half-point rate cut in September. We never want to overreact to any one...
As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks
As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks
Aug 2, 2024
Former President Donald Trump argued the benefits of the U.S. government jumping onto the crypto boat on Friday (transcript below).Vice President Kamala Harris' campaign flagged Trump's comments on Bitcoin, specifically when he mentioned the token as a potential savior for the country's indebtedness.Harris' bid for the White House, while in its infancy, hasn't yet addressed a policy view on crypto....
Analysis-US recession scare fuels searing rally in bonds, yield curve flip in view
Analysis-US recession scare fuels searing rally in bonds, yield curve flip in view
Aug 2, 2024
NEW YORK (Reuters) - A sharp repricing in U.S. interest rate cut expectations could give more fuel to a searing bond rally triggered by weakening economic data, as investors grapple with the possibility the Federal Reserve may need to loosen its tight grip on the economy much faster than anticipated to avoid a recession. Earlier this week investors were assessing...
Factbox-Wall Street sees bigger 2024 Fed easing after soft jobs report
Factbox-Wall Street sees bigger 2024 Fed easing after soft jobs report
Aug 2, 2024
(Reuters) - A surprisingly weak U.S. employment report for June has turned Wall Street confidence on a soft landing into near panic that a recession is looming, prompting major firms to change forecasts for Federal Reserve easing this year to more aggressive interest rate cutting. Employers added just 114,000 jobs in July, the U.S. Labor Department reportedon Friday, and the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved