The move clears the path for confirmation as head of the Bureau of Labor Statistics, the U.S. agency that produces closely watched inflation and jobs data.
A Senate committee has advanced BLS nominee Matsumoto to a floor vote, moving the nomination closer to confirmation as head of the Bureau of Labor Statistics, the U.S. agency responsible for key labor market and inflation statistics. The step matters because leadership at the BLS can shape oversight of data production that markets, policymakers and investors use to gauge the economy.