Trump tweeted recently, the latest jobs report, so Democratic lawmakers have accused the president of tipping off investors. And now they are calling over what they call “a violation of federal guidelines.”
Leading the pack is Sen. Elizabeth Warren, who along with her fellow cohorts, Democrat senators Widen and Bennet who sent a letter to the Securities and Exchange Commission and the Commodities Futures Trading Commission concerning what they said were Trump’s “reckless comments on market-moving economic data prior to their public release.”
Warren’s letter claims that the remark clearly implied that the employment numbers were positive for the administration and surpassed market expectations.
The Democrats’ letter wants federal regulators to open an investigation into what they say was “a violation of federal guidelines” and see if insider information was used to tip off any person or corporate entity, according to a press release from Warren’s office.
Trump and a few of his senior officials are normally briefed on the report the night before it is set to be released. Government officials aren’t supposed to mention the report, until it’s made public.
Meanwhile Widen said Trump’s tweet was reckless and irresponsible. He wants to know if the extent of the president’s leaking, its impact on the financial markets and whether Trump’s friends benefitted from it.
Letters were also sent to the Bureau of Labor Statistics and the White House Council of Economic Advisers.