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Economic Data Is Now Less Trustworthy

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Wall Street Journal: “Trump’s move throws the quality of America’s statistical apparatus into question. The immediate worry among economists and former officials following Trump’s move was that it opened the door for the economic data to be distorted for political reasons. Federal Reserve officials rely on U.S. economic statistics to make timely decisions on setting monetary policy, while investors and businesses depend on them to allocate capital efficiently.”

Said economist Justin Wolfers: You can’t bend economic reality, but you can break the trust of markets. And biased data yields worse policy.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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