Can America's Economic Data Be Trusted?
Summary
The Fox News Rundown features discussions on the current state of the U.S. economy, examining recent inflation data and the impact of tariffs under the Trump administration. Experts debate the trustworthiness of government economic statistics, especially job reports, and the implications of potential reforms at the Bureau of Labor Statistics. The episode also explores the complex issue of reclassifying marijuana federally, detailing its medical and recreational implications, and concludes with a stark warning about the rising dangers of 'Buy Now, Pay Later' financial services.Episode description
On Tuesday, the Bureau of Labor Statistics released last month's Consumer Price Index, showing that prices barely rose in July. Economists had been forecasting the CPI rising by 0.2%; however, thanks to an overall drop in energy prices, the report suggests inflation appears to have plateaued. This will only bolster President Trump's calls on the Federal Reserve to cut interest rates. Former Trump advisor and co-founder of Unleash Prosperity, Stephen Moore, joins to break down the positive inflation news and the future of economic data in the U.S.
President Trump is reportedly weighing the decision to reschedule marijuana under federal law, possibly reclassifying it as a less dangerous drug. The methods the Trump administration may take to enact this change are varied, with some wondering whether the President will act directly or leave it to his federal agencies to handle. Former Arkansas Governor and Drug Enforcement Administration chief Asa Hutchinson joins to discuss the merits of medical marijuana, risks of drug abuse, and what role the DEA would play in the rescheduling process.
Plus, commentary from the president of Exit Stage Left Advisors, Ted Jenkin.
Learn more about your ad choices. Visit podcastchoices.com/adchoices