data, as explained in the attached article. Trump's 'Helter-Skelter' economic actions thus far haven't made it any easier for the Fed to do its job and keep Inflation under control. DJT has himself to blame....IMO, that's a fact.
Link: https://www.scotsmanguide.com/news/the-fed-relies-on-data-to-make-rate-decisions-but-what-if-the-data-is-wrong/#:~:text=It's%20no%20secret%20that%20the,course%20of%20U.S.%20monetary%20policy.
That's not necessarily true...the Fed relies on more data than just the BLS'...specifically, PCE
Replies to: "That's not necessarily true...the Fed relies on more data than just the BLS'...specifically, PCE"
- Trump’s pick for BLS commissioner suggests suspending the monthly jobs report [LINK]
- Chris94 - 12:57pm 8/12/25
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- "President" Trump piles the shite on and the Gumps eat the sandwich. Then burp. [NT] - ND521 - 1:39am 8/13/25
- I don't think it's about bad news but bad data. - iairishcheeks - 1:16pm 8/12/25
- And the data is off materially a lot. It would be one thing if it were rounding error, but it's not. [NT] - LanceManion - 1:57pm 8/12/25
- It's never been a secret that the BLS data is not perfect, and those who deal with it seriously - TyroneIrish - 1:22pm 8/12/25
- If I told you that the tornado is to the East so go West.... - iairishcheeks - 2:23pm 8/12/25
- Come join the discussion whenever you'd like... [NT]
- TyroneIrish - 3:17pm 8/12/25
- I guess you're just not capable of understanding my point, I accept that. [NT]
- iairishcheeks - 3:22pm 8/12/25
- Your point was clear and germane to the "discussion". - TakethetrainKnute - 4:50pm 8/12/25
- Tyrone thrives on bad data, it's just his nature. [NT] - iairishcheeks - 6:16pm 8/12/25
- I'm not saying you're not entertaining, but "Through the Looking-Glass...and What Cheeks - TyroneIrish - 4:18pm 8/12/25
- Your point was clear and germane to the "discussion". - TakethetrainKnute - 4:50pm 8/12/25
- I guess you're just not capable of understanding my point, I accept that. [NT]
- iairishcheeks - 3:22pm 8/12/25
- Come join the discussion whenever you'd like... [NT]
- TyroneIrish - 3:17pm 8/12/25
- And yet a bad monetary policy decision was made by the Fed. - NedoftheHill - 2:20pm 8/12/25
- Attached is a 'Fact Check' that I believe proves you wrong wrt DJT's claims of "Rigging" by the BLS. [LINK]
- TyroneIrish - 3:16pm 8/12/25
- I didn't say anything was rigged. I said BLS set monetary policy b/c Fed trusted their bad numbers. - NedoftheHill - 3:31pm 8/12/25
- The interactions between the Fed and BLS data has been going on for decades...this isn't something - TyroneIrish - 4:31pm 8/12/25
- Fact: The Fed would have made a different decision if BLS corrected its data sooner. [NT]
- NedoftheHill - 8:10pm 8/12/25
- That's not necessarily true...the Fed relies on more data than just the BLS'...specifically, PCE [LINK]
- TyroneIrish - 8:31pm 8/12/25
- Powell stated it was true in his presser. I think he knows what went into his own decision. - NedoftheHill - 11:14pm 8/12/25
- He uses bad data as a club, it's 1984 for this "Democratic Socialist". [NT] - iairishcheeks - 11:35pm 8/12/25
- Powell stated it was true in his presser. I think he knows what went into his own decision. - NedoftheHill - 11:14pm 8/12/25
- That's not necessarily true...the Fed relies on more data than just the BLS'...specifically, PCE [LINK]
- TyroneIrish - 8:31pm 8/12/25
- Fact: The Fed would have made a different decision if BLS corrected its data sooner. [NT]
- NedoftheHill - 8:10pm 8/12/25
- The interactions between the Fed and BLS data has been going on for decades...this isn't something - TyroneIrish - 4:31pm 8/12/25
- I didn't say anything was rigged. I said BLS set monetary policy b/c Fed trusted their bad numbers. - NedoftheHill - 3:31pm 8/12/25
- Attached is a 'Fact Check' that I believe proves you wrong wrt DJT's claims of "Rigging" by the BLS. [LINK]
- TyroneIrish - 3:16pm 8/12/25
- Once it became politicized, it became useless. [NT] - LanceManion - 1:59pm 8/12/25
- If I told you that the tornado is to the East so go West.... - iairishcheeks - 2:23pm 8/12/25
- Agree, they need to come up with a better way of collecting the data. [NT]
- PaND - 1:21pm 8/12/25
- They can use similar methodologies as other countries. - Shadow_of_the_Dome - 3:34pm 8/12/25