Recently, Donald Trump has been actively discussing US economic policy, focusing on tariffs and employment data, which he believes may be distorted.
Trump's Approach to Tariffs and Economic Data
Donald Trump claims that his approach to tariffs is positively impacting the US economy. In June alone, the country collected over $20 billion in tariff revenues, which he believes will help reduce the national debt. He also questioned whether key players in the US economy are becoming politicized.
Suspicious Employment Data
Today, Non-Farm Payroll data was released showing a significant revision, lowering last month's figures from 125,000 to 14,000. Trump stated that if actual numbers had been released, Federal Reserve Chairman Powell would have faced more pressure to act against employment contraction. He hinted at political influence in these figures, pointing to the appointment of Dr. Erika McEntarfer, suggesting potential manipulation to boost Kamala Harris's chances ahead of elections. Trump demands the immediate dismissal of McEntarfer.
Questions to the Federal Reserve
Trump believes the Fed under Powell is playing games with economic data. He argues that recent interest rate cuts ahead of the presidential elections indicate political motives. He expressed dissatisfaction with data manipulation, calling for accuracy and fairness.
Trump continues to criticize current economic policy and the efforts of the Federal Reserve, implying that current employment data may be distorted for political purposes. Discussing these issues raises questions about trust in economic indicators.
