The candidate for the director of the Bureau of Labor Statistics (BLS) nominated by Trump recently advocated for a pause on the monthly employment report. Wall Street is concerned that it will lose the most immediate economic pulse, fearing that both policy adjustments and market transactions will be obscured. (Background: Federal Reserve's Daly: The timing for interest rate cuts is approaching, and there may be more than two cuts this year (September probability is nearly 95%)) (Background information: Market observation) Trump strongly pushes for a crypto Federal Reserve Board member, is a September rate cut a done deal?) If the U.S. financial market lacks the monthly employment report, it would be like a doctor feeling for a pulse in the dark; regardless of whether the economy is heating up, immediate diagnosis is difficult. E.J. Antoni, the recent nominee for the BLS director by President Trump, suggested in an interview that the monthly employment data should be temporarily 'frozen' due to 'inaccuracy.' Following this news, Wall Street and policymakers became instantly alert: Would losing this indicator, known as the 'heartbeat of the economy,' cost more than data inaccuracies? Is Trump trying to cover it up? The controversy arises because the employment report released in July showed only 73,000 new jobs, far below the expected 106,000, and the statistics for the previous two months were also significantly revised down. Trump immediately posted on Truth Social, claiming that the data was 'manipulated' to undermine the Republican Party, and emphasized that his nominee, Antoni, could ensure the statistics were 'honest and accurate.' According to earlier reports from (Fox News Digital), Antoni further stated: Before making the necessary corrections, the BLS should suspend the monthly releases, but it could continue to provide slower yet self-claimed more accurate quarterly reports. This statement challenges the release tempo that has been in place since the 1950s and raises concerns that political interference may undermine the independence of government statistics. Wall Street alarm: How to trade without a heartbeat? Market professionals overwhelmingly called for a halt to the 'report suspension.' Lance Roberts, Chief Strategist at RIA Advisors, reminded that the market relies on employment and inflation data to set direction... If the plug is pulled without reasonable justification, it will inevitably lead to market problems. Elizabeth Renter, a senior economist at NerdWallet, also pointed out that without monthly data, the Federal Reserve may 'fly blind' at turning points in the economy. Max Stier, president of the nonprofit Partnership for Public Service, believes that the BLS can only maintain credibility by continuously releasing data in a 'timely and fair' manner. Former acting Labor Secretary Julie Su bluntly stated, 'Hiding the numbers will only make it harder for the government to prepare for a potential recession.' Next steps to observe: Credibility and policy backfire. In response, White House Press Secretary Karoline Leavitt stated that the government plans to maintain monthly releases and hopes the public will continue to trust this statistic. Nevertheless, Antoni’s nomination has already sown doubts: If there are future changes in the timing or method of releases, how will the market reprice risks? In the current context of high interest rates and slowing growth, any tremors regarding the transparency of key data could amplify through bond yields, exchange rates, and asset valuations, ultimately impacting the wallets of every investor and worker. How the BLS maintains professional independence amid political noise has become a focal point of attention in the coming quarters. Relevant reports: Trump calls for immediate interest rate cuts due to fake economic data: The new chair of the Federal Reserve and new BLS director will be announced in three days. Powell insists on not cutting rates! However, there are already decision-making divisions within the Federal Reserve. Bitcoin rebounded after dropping below 116,000, and Ethereum returned to 3,800 USD. The Federal Reserve's rate cut in July seems unlikely, what other highlights are there in the FOMC meeting? Internal divisions in the Fed, Powell against Trump... 'Proposed Labor Statistics Director: Suggests pausing the U.S. non-farm payroll monthly report, Wall Street overwhelmingly opposes: a self-destructive path.' This article was first published by BlockTempo (the most influential blockchain news media).