07:24
Analysts: If the extreme dovish faction takes charge of the U.S. Labor Department, it may shake the foundation of the "American exceptionalism".
On August 4, Jin10 reported that Sam Stovall, Chief Investment Strategist at CFRA Research in New York, stated that if President Trump appoints an extremely dovish individual to head the Bureau of Labor Statistics, thereby skewing the data in favor of government policy to some extent, Wall Street will abandon these data as soon as it detects any signs of manipulation. This will undoubtedly shake the notion of "American exceptionalism." The core reason the U.S. is seen as an ideal investment destination is the accuracy of its data— the government does not alter data to fit its agenda.
TRUMP0.78%