US Treasury Secretary Blasts BLS Data as Misleading
United States Treasury Secretary Janet Yellen recently expressed strong dissatisfaction with the data from the Bureau of Labor Statistics (BLS), likening it to "flying to New York but landing in Denver." She pointed out significant issues with the data and questioned its accuracy.
Yellen emphasized that such data poses challenges for policymakers when assessing economic conditions. She stressed the need for a thorough review of the data to ensure its truthfulness and reliability, especially when crafting important economic policies.
