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flag Trump fires Bureau of Labor Statistics head amid market drops and economic data disputes.

flag US markets dropped on August 1st following poor economic data and the firing of Bureau of Labor Statistics (BLS) head Erika McEntarfer by President Trump. flag Trump accused the BLS of manipulating figures, but critics say this politicizes vital economic data, undermining trust and market confidence. flag The move has been criticized by economists like Larry Summers, who called the accusations "preposterous." flag The firing follows disappointing jobs data and concerns over the weakening labor market.

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