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Stock Market Today: Dow Closes 500 Points Lower on Weak Jobs Report, New Trump Tariffs — Live Updates The Wall Street JournalEconomy Updates: After a Weak Jobs Report, Trump Fires That Agency's Commissioner The New York TimesStock market today: Dow, S&P 500, Nasdaq tank as market confidence cracks under Trump tariffs, weak jobs data Yahoo FinanceWall Street falls the most since May after employers slash hiring and tariffs roll out AP News
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The way the Bureau of Labor Statistics produces data is widely trusted. Firing the commissioner is damaging to that trust.
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Fed governor to resign early, handing Trump immediate opening on board The Washington PostFed Governor Kugler is resigning, giving Trump a nominee on committee that sets interest rates CNBCFed Governor Steps Down Early, Giving Trump Opportunity to Shape Central Bank The New York TimesInvestors react to Kugler's resignation, firing of BLS commissioner Reuters
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Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data.
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A spokesperson for BLS confirmed that McEntarfer "was terminated today" and that Deputy Commissioner William Wiatrowski will now serve as acting commissioner.
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Investors react to Kugler's resignation, firing of BLS commissioner Reuters
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