pull down to refresh

Fed Chair Warns Trump Admin May Be Seriously Exaggerating Jobs Numbersnewrepublic.com/post/204298/fed-chair-powell-trump-admin-exaggerating-jobs-numbers
166 sats \ 3 comments \ @winteryeti 18h econ
write
preview
related posts
0 sats \ 2 replies \ @Undisciplined 16h
It's certainly possible but I doubt it.
When the first trade report was set to be issued, they allowed the numbers to come out uncensored, even though they were very unfavorable to the tariffs. What they did, though, is strike all of the narrative that typically gets published alongside the numbers.
reply
0 sats \ 1 reply \ @brent 12h
“They allowed”, but then fired the chief of the department. Not exactly a signal for trustworthy reporting.
The negative jobs reports followed the longest yield curve inversion in U.S. history. Such inversions have preceded every recession since the 1960’s. And now inflation is expected to return with a vengeance, given the retarded tariffs, massive overspending, and resuming QE. So it’s looking like the perfect set up for stagflation.
When payroll processor ADP reported that the economy lost nearly 32,000 jobs in November, Secretary of Commerce Howard Lutnick scrambled to blame Democrats and deflect blame from President Trump’s tariffs. Trump himself fired the BLS chief over the summer because he was mad about the negative jobs data the agency produced. It’s not outside of the realm of possibility that Trump would put pressure on the agency to fudge better numbers.
reply
0 sats \ 0 replies \ @Undisciplined 11h
“They allowed”, but then fired the chief of the department.
I think you're mixing up instances. The first trade report was from USDA, as I recall. That's the one that got all of the text chopped, but left the data unaltered.
I'm not claiming the reporting is trustworthy, just that I doubt they outright fudged the numbers.
reply