Treasury Secretary Bessent defended President Trump's decision to fire Bureau of Labor Statistics (BLS) head Erika McEntarfer after unprecedented downward revisions to May and June jobs figures published in July.

"The mistake that they made last week was a five to six standard deviation mistake," Bessent told MSNBC's "Morning Joe" on Thursday. "There’s something wrong here. Because on Wednesday, the Federal Reserve voted not to cut rates. On Friday, the BLS had this massive downward revision. One of these is mistaken. So either the Fed economists did not see what the BLS did, or the BLS data was corrupted."

"There’s something wrong here. Because on Wednesday, the Federal Reserve voted not to cut rates. On Friday, the BLS had this massive downward revision. One of these is mistaken. So ei

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