News

Bessent: How Can The Fed Set Rates When Jobs Data Is This Broken? "This Was A Five Standard Deviation Mistake"

Treasury Secretary Bessent defended President Trump's decision to fire Bureau of Labor Statistics (BLS) head Erika McEntarfer after unprecedented downward revisions to May and June jobs figures ...

Fed chief candidate gins up new conspiracy on data quality — this time on GDP

Kevin Hassett, the director of the National Economic Council and one of the so-called “two Kevins” that may be the next chief ...

Markets are near-certain of a September rate cut as more Fed presidents turn dovish overnight

Neither Presidents Kashkari or Daly—nor Governor Cook—dissented at the July meeting. With Governor Chris Waller and FOMC ...
Institute on Taxation and Economic Policy2hOpinion

Trump’s Firing of BLS Commissioner is Part of Larger Erosion of Federal Data Infrastructure

Last week, President Trump fired the Commissioner of the Bureau of Labor Statistics in apparent retaliation for weak jobs ...

The Labor Market Confirms That the Fed Has Made a Policy Error

As weak as the headline figures appear, it was the fine print that confirmed the Fed’s policy error. The government revised ...

Eli Lilly Earnings, Fed Speakers, Bank of England Rate Decision: Still to Come This Week

Earnings season marches on, with Eli Lilly among the big names yet to report this week. President Trump has said he will name replacements this week for Federal Reserve governor Adriana Kugler and [Bu ...

Trump doubles down on his decision to fire BLS chief after disappointing jobs report

President Donald Trump isn't backing down from his controversial firing of the head of the Bureau of Labor Statistics after a disappointing jobs report. "It is antiquated, but it is also very ...
The Raw Story1d

Trump’s fury over jobs report could throw US economy into decades of turmoil: CNN

Donald Trump’s abrupt firing of Bureau of Labor Statistics Commissioner Erika McEntarfer after a weak July jobs report has ...