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economic policy

Trump fires Bureau of Labor Statistics chief, sparking concerns over data integrity

Trump fires Bureau of Labor Statistics chief, sparking concerns over data integrity

President Donald Trump’s abrupt dismissal of Erika McEntarfer, the Senate-confirmed commissioner of the Bureau of Labor Statistics (BLS), raised alarm among economists, former officials, and both Democratic and Republican lawmakers, reports the New York Times. The firing came hours after July’s jobs report revealed unexpectedly weak hiring and

Treasury Secretary's support for aggressive trade policies unsettles markets

Treasury Secretary's support for aggressive trade policies unsettles markets

Treasury Secretary Scott Bessent, initially anticipated by Wall Street to act as a moderating influence within the administration, has emerged as a staunch advocate for President Donald Trump's assertive trade agenda. Politico notes this shift has contributed to significant volatility in financial markets. Bessent, a former hedge fund

Minneapolis Fed Reserve’s Kashkari Faces the Nation to emphasize focus on inflation, not political pressure

Minneapolis Fed Reserve’s Kashkari Faces the Nation to emphasize focus on inflation, not political pressure

In an interview with Face the Nation’s always excellent Margaret Sullivan on Sunday, 10 November 2024, Neel Kashkari, president of the Minneapolis Federal Reserve, addressed the bank’s commitment to controlling inflation ("2%" was his refrain, referring not to the milk) amid political and economic pressures. Kashkari