Former Labor Statistics Bureau Director: Suggests pausing the U.S. non-farm payroll monthly report, Wall Street overwhelmingly opposes: a path to self-destruction.

Trump's nominee for the director of the U.S. Bureau of Labor Statistics (BLS) recently advocated for a suspension of the monthly employment report, raising concerns on Wall Street about losing the most up-to-date economic pulse, and worrying that both policy adjustments and market trading will be shrouded in fog. (Background summary: Federal Reserve's Daly: The timing for interest rate cuts is approaching, and there may be more than two cuts this year (with a nearly 95% probability for September)) (Background information: Market observation: Trump pushes for crypto Federal Reserve Board of Governors, is a September rate cut a done deal?) If the U.S. financial market lacks the monthly employment report, it would be like a doctor trying to feel a pulse in the dark; regardless of whether the economy is running a fever, it would be difficult to diagnose immediately. E.J. Antoni, the new director candidate for the BLS nominated by President Trump, recently suggested in an interview to temporarily "freeze" the monthly employment data, citing "inaccuracy" as the reason. Upon hearing this news, Wall Street and the policy circle instantly became alert: would losing this indicator, known as the "heartbeat of the economy," come at a cost greater than data discrepancies? Is Trump trying to cover up? The controversy arose because the employment report released in July showed only 73,000 new job openings, far below the expected 106,000, and the statistics for the previous two months were also significantly revised downwards. Trump immediately posted on Truth Social claiming that the data was "manipulated" to undermine the Republican Party, emphasizing that his nominee, Antoni, would ensure that the statistics are "honest and accurate." According to an earlier report by Fox News Digital, Antoni further stated: The BLS should suspend monthly releases until necessary corrections are made, but can continue to provide slower yet more accurate quarterly reports. This statement challenges the release rhythm that has been in place since the 1950s and raises concerns among the public that political interference could undermine the independence of government statistics. Wall Street alarm: How to trade without a heartbeat? Market professionals overwhelmingly called for a halt to the "report suspension." Lance Roberts, chief strategist at RIA Advisors, reminded that the market relies on employment and inflation data to set direction... If the plug is pulled without reasonable justification, it will inevitably cause market issues. Elizabeth Renter, a senior economist at NerdWallet, also pointed out that without monthly data, the Federal Reserve might be "blind flying" at economic turning points. Max Stier, president of the non-profit Partnership for Public Service, believes that the BLS must continue to release data "timely and fairly" to maintain its credibility. Former Acting Labor Secretary Julie Su bluntly stated, "Hiding the numbers will only make it harder for the government to prepare for possible recessions." Next steps to observe: Credibility and policy inertia. In response, White House Press Secretary Karoline Leavitt stated that the government plans to maintain monthly releases and hopes the public continues to trust these statistics. Nevertheless, Antoni's nomination has already sown doubts: if future release timings or methods change, how will the market reprice risks? In the current context of high interest rates and slowed growth, any shock regarding the transparency of key data could magnify through bond yields, exchange rates, and asset valuations, ultimately affecting the wallets of every investor and worker. How the BLS maintains professional independence amid political noise has become a focal point of attention in the coming quarters. Related reports: Trump claims economic data is falsified "immediate rate cuts needed": New Federal Reserve Chairman and new BLS director to be announced within three days. Powell refuses to cut rates! But there are already decision-making divergences within the Federal Reserve; Bitcoin rebounds after falling below 116,000, Ethereum stands back at 3,800 dollars. The Federal Reserve is unlikely to cut rates in July; what other highlights will the FOMC meeting have? Divergences within the Fed, Powell's opposition to Trump... <Acting BLS director: Recommends suspension of U.S. non-farm monthly employment report; Wall Street overwhelmingly opposes: seeking death> This article was first published on BlockTempo, the most influential blockchain news media.