Trump Challenges Economic Norms with Bold Moves on Employment Figures
Donald Trump's unconventional tariff policies have disrupted markets, yet he maintains they benefit the U.S. economy. June saw over $20 billion in tariff revenues, which TRUMP claims will help curb the soaring national debt. He questions whether key economic players are becoming overly politicized, as speculation about interest rate cuts grows.
Today's Non-Farm Payroll data revealed a drastic revision, slashing last month's figures from 125,000 to 14,000. Trump asserts that accurate numbers WOULD have pressured Fed Chair Powell to act against employment contraction in July. He alleges political bias in the data, prepared by Biden appointee Dr. Erika McEntarfer, Commissioner of Labor Statistics.
The integrity of employment statistics is under scrutiny. Trump accuses the Biden administration of inflating last year's figures to bolster its image, while current data may be manipulated to influence the upcoming election. Discrepancies suggest employment growth was overstated by nearly 818,000 people.