Trump's tweet on jobs report broke protocol aimed at preventing early trades
by Jim Puzzanghera, Los Angeles Times
Jun 01, 2018
4 minutes
WASHINGTON - For decades, federal officials have taken great care to prevent providing any early indications to investors about monthly jobs report data that can move markets.
On Friday, President Donald Trump broke that longstanding protocol using his favorite communication tool - Twitter - triggering a jump in yields on the 10-year Treasury bond and an outcry from former White House officials.
Trump, who learned about the strong May jobs report Thursday night, tweeted Friday morning that he was "looking forward to seeing the employment numbers" scheduled to be released by the Labor Department about an hour later.
A top White House official emphasized that Trump didn't reveal
You’re reading a preview, subscribe to read more.
Start your free 30 days