Fed Chair Jerome Powell pointed on Wednesday to a job-market risk that economists have been worried about for months: Official statistics could be drastically overstating recent hiring.
The Trump regime may have stopped BLS monthly job reports to hide bad numbers, but can't hide the job market from the public.
Vibes might be able to convince people the job market is worse than it really is, but it's very hard to sell the idea that the job market is much better than it really is.