President Donald Trump is poised to nominate Brett Matsumoto as the new commissioner for the Bureau of Labor Statistics (BLS), an agency critical for compiling key U.S. economic data. The announcement is anticipated to occur shortly, following internal communication at the BLS regarding Matsumoto’s selection.
This appointment comes after a turbulent period for the bureau, which began following Trump’s dismissal of former commissioner Erika McEntarfer in August, amidst dissatisfaction over a jobs report the president deemed “rigged.” Initially, Trump selected EJ Antoni, a chief economist at the conservative Heritage Foundation, to replace McEntarfer. However, he later withdrew this nomination due to concerns that Antoni, a noted critic of the BLS, would face confirmation challenges in the Senate and could compromise the agency’s credibility.
Matsumoto, who has spent nearly a decade as a research economist at the BLS, is viewed as a more acceptable candidate. Economists, including Omair Sharif from Inflation Insights, praised Matsumoto’s expertise and familiarity with the agency, suggesting he would be a suitable leader during a crucial period. His experience is vital as the BLS grapples with declining survey participation and reduced funding that threaten the quality of its data.
Matsumoto has also spent the past year on the White House Council of Economic Advisers and holds a PhD in economics from the University of North Carolina at Chapel Hill. His research has focused on consumer price measurement, an important aspect of the BLS’s work, which serves as a basis for various economic policies and investor decisions.
Why this story matters: The appointment of Matsumoto could stabilize an agency responsible for vital economic data amid heightened scrutiny.
Key takeaway: Matsumoto’s extensive experience may enhance the credibility of the BLS during a pivotal economic period.
Opposing viewpoint: Critics may still express concerns over the political influence on the BLS, given the history of recent leadership transitions.
