Plosser ‘Can’t Imagine’ That U.S. Employment Figures Were Faked

Plosser ‘Can’t Imagine’ That U.S. Employment Figures Were Faked

Bradley C. Bower/Bloomberg

Charles Plosser, president of Federal Reserve Bank of Philadelphia, commented on suggestions by Jack Welch, the former chief executive officer of General Electric Co., that an Oct. 5 report from the Bureau of Labor Statistics showing an unexpected decline in the jobless rate had been altered.