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ANZ Bank: Trump's Firing of BLS Director Weakens US Economic Safe Haven Status

Summary: According to Jinshi data, amid Trump's dismissal of the US Bureau of Labor Statistics director McEntee and allegations of attempting to manipulate economic data, the currency market has shown significant unease. At the same time, the independence of the Federal Reserve is facing continued attacks from the government. ANZ Bank stated in a report that ...

According to Jinshi data, amid Trump's dismissal of the US Bureau of Labor Statistics director McEntee and allegations of attempting to manipulate economic data, the currency market has shown significant unease. At the same time, the independence of the Federal Reserve is facing continued attacks from the government. ANZ Bank stated in a report that financial markets highly value the independence of statistical data, and the dismissal of McEntee 'can be seen as another move to weaken the US as a global economic safe haven.'

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Link: ANZ Bank: Trump's Firing of BLS Director Weakens US Economic Safe Haven Status [Copy]

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