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 ...

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 ...

Bostic: Labor Market Risks Rising, but a Lot of Data to Come Before September Meeting

Employment growth slowed and the unemployment rate rose in July, and new data from the Bureau of Labor Statistics showed a ...

‘Give me a break’: Trump says he hired Fed chair Powell as a ‘favor’ after CNBC host presses him on labor bureau firing

Trump defended his recent decision to fire head of BLS while distancing himself from his past decision to hire Fed chair ...
Institute on Taxation and Economic Policy5hOpinion

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 ...

Ex-Trump official criticizes him for firing head of statistics agency

An official who ran the federal Bureau of Labor Statistics during President Donald Trump’s first term is criticizing Trump ...

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 ...