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Joe challenges Bessent on BLS shake-up: ‘What evidence is there?’
MSNBC· 2025-08-07 15:06
In terms of the BLS, I think that this was long overdue. I mean, the mistake that they made last week was a five to six standard deviation mistake. This is like if you got on a plane in Miami, thought you were going to New York, and landed in Denver.The other thing I can tell you is that like there's something wrong here because on Wednesday, the Federal Reserve voted not to cut rates. On Friday, the BLS had this massive down revision. One of these is mistaken in government.We have settled for so much medio ...
Kevin Hassett defends Trump's firing of BLS chief: ‘I’ve never seen revisions like this’
NBC News· 2025-08-03 16:56
Let's start with President Trump's decision to fire the head of the Bureau of Labor Statistics, Erica McInterer, who he accused of manipulating job numbers. Mr.. Hasset, what evidence does the administration have that she manipulated the jobs numbers? Right. Well, what we've seen over the last few years is uh massive revisions to the jobs numbers. In fact, they were extremely reliable, the kind of numbers that you want to guide policy decisions and markets through CO. And then when COVID happened because re ...