JUST IN: 🇺🇸 Federal Reserve Governor Adriana Kulger steps down from the Fed 👀 https://t.co/QP8SoiX0fJ ...

BREAKING: 🇺🇸 FED GOVERNOR KUGLER HAS JUST RESIGNED FROM THE FED BOARD. ...

JUST IN: 🇺🇸 Federal Reserve Governor Kugler resigns from Fed board. ...

New: Federal Reserve Governor Adriana Kugler will step down from her position on the central bank’s board, the Fed announced Friday https://t.co/DjbxIaoNI2 ...

Market & Trade - Concerns arise about the trustworthiness of jobs data, especially with potential political influence [1][2] - Markets are seen as a crucial check on presidential actions, reacting to market movements [5] - Tariffs were perceived to be nearing conclusion, but recent events have introduced uncertainty [4] Economic Statistics & Federal Reserve - US economic statistics are vital for policymaking and maintaining confidence in the financial system [9][10] - The independence of the Federal Reserve is critical for the success and stability of US markets [7][8] - The process of compiling economic data involves multiple offices and steps, making manipulation difficult [11][12]

Peter Maluca of Creative Planning is still with us. Peter, I'm not you don't need to wait into politics. Don't worry, but it's it's probably we're now politicizing the Fed. We're politicizing jobs number.>> That's not a market confidence building headline. I don't think >> I felt like I was watching like I'm being punked or or in the onion uh you know the par parody satire uh video. I can't believe what I just saw.I mean, look, I'm not a fan of some government statistics. You just have to look historically ...

Data Integrity & Political Influence - The central argument revolves around the integrity of government data, specifically jobs numbers, and the potential for political manipulation [2][3] - The speaker strongly refutes the idea that the jobs numbers have been politically revised or underreported, stating there's no statistical evidence to support such claims [3] - The speaker expresses concern that the President's actions could undermine the reliability of government data, potentially turning the Bureau of Labor Statistics (BLS) into a politically aligned entity [4][9] - It would require a massive conspiracy within the BLS to successfully politicize the data, highlighting the difficulty of manipulating these numbers [9][10] Data Revision & Accuracy - Jobs numbers are routinely revised due to the availability of more complete data, a standard practice for improving accuracy [2][5] - Revisions occur monthly, then again, and finally annually, reflecting the ongoing refinement of estimates with actual data [5] - The response rate to surveys has decreased since the pandemic, impacting the reliability of initial data [4] Historical Context & Ethical Concerns - The situation is compared to the McCarthy hearings, emphasizing the outrage caused by unfounded accusations of politicization [2][8] - The speaker cannot recall a similar instance of a political firing of a government data official at this level, underscoring the unprecedented nature of the situation [7][8]

Market & Economic Outlook - Jobs numbers have been volatile, exceeding expectations in previous months but showing a shortfall recently [2][3] - The market is likely to react negatively to the jobs number and potential geopolitical risks [4] - Tariffs are complex and the need for fairer global trade is highlighted [5] - The real economic effects of current policies may not be fully felt yet [7] Monetary Policy - The Federal Reserve has more reason to cut rates in September, potentially by 25 to 50 basis points, with another cut possible later in the year [9][10] - Rate cuts are seen as a "down payment" for Wall Street and Main Street [9] Investment Strategy - Revenue and earnings growth are key factors the market favors [10] - Diversification of supply chains to more friendly nations is happening, mitigating tariff impacts [8] - Sentiment, as reflected in surveys, can be volatile and markets are influenced by both math and emotion [11]

Diane, h how much does this change the picture? Uh especially these revisions as Bostik was mentioning there. Um you think the Fed would have made a different decision if if these numbers had been out days ago. >> I'm not sure they would have made a different decision on the month of July, but I think this does nudge them obviously closer to September. It's still not a slam dunk. This is the hard part for the Fed. The important part for Bostic is he didn't say, "Hey, this is it. we're gonna cut now because ...

We are back with some breaking economic data. The US economy added 73,000 jobs in July. That was less than expected.The unemployment rate came in at 4.2%. Investipedia's editor-inchief Caleb Silver here to talk more about the numbers and what they mean to you. So, just walk us through what we're seeing and and what they say about our economy right now.Yeah, well, that was less than expected. We're expecting around 100,000 jobs given the past few months. We've had really strong job growth, we thought, but we ...