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Move over eggs. Beef is the new highly inflated grocery store item on the shelves. Prices have increased over 8% so far this year, hitting $926 per pound.What we saw was a drought two or three years ago. Low prices really hurt their performance in terms of their profitability. And today they're just short cattle and it's going to take two or three years to fix the problem.We used to be kind of a net neutral for exporting importing beef. Right now we're 8% of our supply is coming from overseas. That's not no ...

Joining me now is Jared Bernstein, former chairman of the Council of Economic Adviserss and former chief economist and economic policy adviser to Vice President Joe Biden. Uh Jared, President Trump lashed out against the weak jobs market or jobs numbers, I should say, that were reported for July. He railed against the downward revisions from May and June.They were pretty significant. According to Axios, a top economic adviser to the president called the data quote very unreliable. Let's set aside for a mome ...

President Trump did the same exact thing. He went out there, he said it himself. I won this election because of one word, groceries.Cuz people are out here hurting. People are out here starving. Affordability is actually the right term.When you're speaking to people's pockets, people will always hear you. Cuz that is something I don't care if you're black, white, gay, straight, regardless of what your party is, your religion is, if you are a person who is we want two things in America. We want more money in ...

Economic Statistics & Independence - The importance of believing in reliable statistics about unemployment, inflation, and GDP for managing business and the economy is highlighted [1] - Independent statistical agencies are crucial for collecting data, and maintaining confidence in their independence is paramount, with bipartisan agreement on this principle [1] - Undermining the credibility of the Federal Reserve (Fed) can lead to concerns about inflation and erode confidence in the US dollar and the US economy [1] Political Influence & Economic Policy - Concerns are raised about the potential politicization of interest rates, fearing that rates might be lowered before elections to inflate the economy, leading to adverse consequences after the election [1] - Pressure on the Fed, as exerted by Donald Trump, is considered unconscionable because it undermines the Fed's credibility [1] - Historically, presidents have desired certain economic outcomes, such as lower interest rates, and have exerted pressure on Fed chairs [1]

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and Laurianne Lorocco. Let's bring you in. Global supply chain reporter for CNBC, Heather Buché, former member of the Council of Economic Advisors, and Peter Baker, New York Times White House correspondent.Heather, starting with you, you worked with the now ousted Commissioner of Labor Statistics. What was her approach to her job, to the data collection, and what's your reaction to her sudden firing. Well, this is just completely out of bounds.Um, you know, Erica McIntoer was a longtime civil servant for th ...

Wage growth for a large swath of Americans is being outpaced by the rate of inflation, according to data from Indeed, which reported people with low- and middle-paying jobs are likely feeling the most pressure.Read more: https://t.co/J2NfnQyjfN https://t.co/7bc4uNRup9 ...

The U.S. job market is collapsing.Inflation is plunging.Time to cut rates and stimulate the economy! 🚀 https://t.co/betRzLabL3 ...