Trump firing stats office head ignites concerns the US becoming “Latin America or Turkey”

The Wall Street Journal (gated) with the report:

• fear a decline in the world-leading economic statistics underpinning U.S. markets

In brief:

• Banks have fielded calls from clients, anxious that they may need to rethink how they invest if inflation and employment statistics tied to U.S. investments can’t be trusted.
• Some worry that the firing marks the latest threat to that American exceptionalism and, over the long run, could exacerbate pressure on U.S. assets, already elevated because of the trade war and Trump’s attacks on the Federal Reserve.
• “Your initial thought is, ‘Are we heading toward what you see in Latin America or Turkey, where if the data doesn’t look good, you fire someone, and then eventually stop reporting it?’”

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Earlier:

• Fresh concerns that Trumps dismissal of BLS head a strategy to undermine CPI data

This article was written by Eamonn Sheridan at investinglive.com.