Treasury’s Bessent Faults BLS Chief for Jobs Data Revisions

U.S. Treasury Secretary Jane Bessent said recent downward revisions to employment figures highlight systemic problems at the Bureau of Labor Statistics, adding that accountability should start with the agency’s leadership. “This was long overdue,” Bessent told reporters on Wednesday, asserting that the head of the BLS is responsible for the inaccuracies. Bessent also questioned the Federal Reserve’s policy stance, arguing that something is wrong when the central bank refrains from cutting interest rates only to see jobs data repeatedly revised later. Her comments come as investors scrutinize labor-market signals for clues on the Fed’s next move.