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brooklynite

(94,808 posts)
Mon Jun 4, 2018, 09:42 AM Jun 2018

Cohn kept the jobs numbers from Trump [View all]

Source: Politico

COHN KEPT THE JOBS NUMBERS FROM TRUMP — MM hears that before he left the White House, former National Economic Council Director Gary Cohn would withhold jobs report data from President Trump until shortly before their release because he was worried the president couldn’t help but say something about them.

It’s now easy to see why he did this. I wrote at some length on Friday about Trump’s extraordinary tweet an hour before the May jobs report suggesting that he was “looking forward” to the numbers, which turned out to handily beat expectations. Markets jumped on Trump’s tweet, which pushed right up to the line (and perhaps beyond) of rules forbidding federal officials from saying anything about the data until an hour AFTER its release.

Read more: https://www.politico.com/newsletters/morning-money/2018/06/04/cohn-kept-the-jobs-numbers-for-trump-240624

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