simple ....
ORANGE MAN BAD
The BLS has been playing loose and fast with numbers in order to give Powel a false wall to hide behind.(was there collusion)
That's gone now.
With the current revisions it is obvious that the whole BLS needs to be flushed.
Trump is taking action on that now.
And with an open spot on the Feds board, I think we may see some changes.
Don't get me wrong, I think the economy is strong...
but we are not seeing job growth but rather a shift from gov jobs and foreigners to private jobs and Americans working.
A rate cut would help drive the Trump train forward and that's the last thing Powel wants.
Why do we even bother with government statistics if they are always wrong?
Only because politicians want it.
Save the money and shut the whole place down.