Fed Presidents Dismiss Allegation of Job Data Tampering
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Presidents of two Federal Reserve district banks dismissed a suggestion that the Bureau of Labor Statistics manipulated the September employment report to aid the re-election campaign by President Barack Obama.
“I can’t imagine that’s the case,” Charles Plosser, president of the Federal Reserve Bank of Philadelphia, told reporters after a speech today in Avondale, Pennsylvania. “I don’t think there is a conspiracy,” St. Louis Fed President James Bullard said to reporters in St. Louis.