Business Insights
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact

Archives

  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • August 2023
  • January 2023
  • December 2021
  • July 2021
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • Business
  • Crypto
  • Economy
  • Finance Expert
  • Forex
  • Invest News
  • Investing
  • Tech
  • Trading
  • Uncategorized
  • Videos
Apply Loan
Money Visa
Advertise Us
Money Visa
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact
White House officials rush to defend Trump after shaky economic week | Trump administration
  • Business

White House officials rush to defend Trump after shaky economic week | Trump administration

  • August 3, 2025
  • Roubens Andy King
Total
0
Shares
0
0
0
Total
0
Shares
Share 0
Tweet 0
Pin it 0

Donald Trump administration officials fanned out on Sunday’s US political shows to defend the president’s policies after a bruising week of poor economic, trade and employment numbers that culminated with the firing of labor statistics chief Erika McEntarfer.

US trade representative Jamieson Greer said Trump has “real concerns” about the jobs numbers that extend beyond Friday’s report that showed the national economy added 73,000 jobs in July, far below expectations. Job growth numbers were revised down by 285,000 for the two previous months as well.

On CBS News’s Face the Nation, Greer defended Trump’s decision to fire McEntarfer, a respected statistician, saying: “You want to be able to have somewhat reliable numbers. There are always revisions, but sometimes you see these revisions go in really extreme ways.”

He added: “The president is the president. He can choose who works in the executive branch.”

But William Beach, who served as Trump’s commissioner of the Bureau of Labor Statistics (BLS) in his first presidency, warned that McEntarfer’s dismissal would undermine confidence in the quality of US economic data.

The BLS gave no reason for the revised data but noted that “monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors”.

“This is damaging,” Beach said on Sunday on CNN’s State of the Union. “I don’t know that there’s any grounds at all for this firing.

“And it really hurts the statistical system. It undermines credibility in BLS.”

McEntarfer on Friday published a statement on social media reacting to her dismissal, calling it the “honor my life” to have served as BLS commissioner.

She said the BLS employs “many dedicated civil servants tasked with measuring a vast and dynamic economy”.

“It is vital and important work, and I thank them for their service to this nation,” McEntarfer’s statement on the Bluesky platform said.

Uproar over McEntarfer’s firing has come as a series of new tariff rates are due to come into effect this month. While the president has predicted a golden age for the US economy, many economists warn that higher import tariffs could ultimately weaken American economic activity.

On CBS, Greer said that Trump’s tariff rates are “pretty much set” and unlikely to be re-negotiated before they come into effect.

The first six months of Trump’s second terms have been characterized by a seesawing of tariff rate announcements that earned the president the moniker on Wall Street of Taco – “Trump always chickens out”. But last week he issued an executive order outlining tariff modifications for dozens of countries after he had twice delayed implementation.

Yet Greer also said many of the tariff rates announced “are set rates pursuant to deals”.

“Some of these deals are announced, some are not, others depend on the level of the trade deficit or surplus we may have with the country,” he said.

On NBC’s Meet the Press, the national economic council (NEC) director, Kevin Hassett, said modified US tariff rates were now “more or less locked in, although there will have to be some dancing around the edges about exactly what we mean when we do this or that”.

Asked if tariff rates could change again, he said, “I would rule it out because these are the final deals.”

On Fox News Sunday, Hassett said he also supported McEntarfer’s dismissal. “I think what we need is a fresh set of eyes at the BLS, somebody who can clean this thing up,” he remarked.

But former treasury secretary Larry Summers told ABC’s This Week that McEntarfer’s firing was “way beyond anything that Richard Nixon ever did”, alluding to the late former president who resigned in 1974 over the Watergate scandal.

Summers said Trump’s claim that the poor job numbers were “phony” and designed to make him look bad “is a preposterous charge”.

“These numbers are put together by teams of literally hundreds of people following detailed procedures that are in manuals,” Summers said. “There’s no conceivable way that the head of the BLS could have manipulated this number. The numbers are in line with what we’re seeing from all kinds of private sector sources.”

Summers placed McEntarfer’s firing, Trump’s pressure on Jerome Powell, the Federal Reserve chair, to lower interest rates, and the strong-arm tactics that the administration has aimed at universities, law firms and media institutions in the same bucket.

“This is the stuff of democracies giving way to authoritarianism,” Summers said. “Firing statisticians goes with threatening the heads of newspapers.

“It goes with launching assaults on universities. It goes with launching assaults on law firms that defend clients that the elected boss finds uncongenial. This is really scary stuff.”

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Roubens Andy King

Previous Article
Singapore Savings Bonds SSB September 2025 Yield Falls to 2.11%
  • Invest News

Singapore Savings Bonds SSB September 2025 Yield Falls to 2.11%

  • August 3, 2025
  • Roubens Andy King
Read More
Next Article
Road to Devcon Meetup and Event Grants
  • Forex

Road to Devcon Meetup and Event Grants

  • August 3, 2025
  • Roubens Andy King
Read More
You May Also Like
Walmart+ adds Peacock to streaming offerings to better compete with Amazon Prime
Read More
  • Business

Walmart+ adds Peacock to streaming offerings to better compete with Amazon Prime

  • Roubens Andy King
  • September 3, 2025
Weak pound and yen shore up dollar, bonds and payrolls in focus
Read More
  • Business

Weak pound and yen shore up dollar, bonds and payrolls in focus

  • Roubens Andy King
  • September 3, 2025
Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI
Read More
  • Business

Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI

  • Roubens Andy King
  • September 2, 2025
Let’s Break Down What You Need to Be Watching This Week
Read More
  • Business

Let’s Break Down What You Need to Be Watching This Week

  • Roubens Andy King
  • September 2, 2025
Google won’t be forced to sell its Chrome browser, judge rules
Read More
  • Business

Google won’t be forced to sell its Chrome browser, judge rules

  • Roubens Andy King
  • September 2, 2025
Gold price hits record high as investors seek safe haven | Gold
Read More
  • Business

Gold price hits record high as investors seek safe haven | Gold

  • Roubens Andy King
  • September 2, 2025
How Is Chevron’s Stock Performance Compared to Other Oil & Gas Exploration & Production Stocks?
Read More
  • Business

How Is Chevron’s Stock Performance Compared to Other Oil & Gas Exploration & Production Stocks?

  • Roubens Andy King
  • September 2, 2025
Bunker Hill tower One California Plaza goes into receivership
Read More
  • Business

Bunker Hill tower One California Plaza goes into receivership

  • Roubens Andy King
  • September 2, 2025

Recent Posts

  • When you receive your SALARY, DO THIS and GET RICH in 3 MONTHS – Robert Kiyosaki.
  • How to Cut Your Cell Phone Bill by $1,100 a Year
  • If I Started Investing in 2025, This Is What I Would Do
  • AI Adoption Set to Reshape Healthcare, Finance, Logistics | World Business Watch | WION
  • Master Investing with This Game-Changing Strategy! #shorts #finance
Featured Posts
  • When you receive your SALARY, DO THIS and GET RICH in 3 MONTHS  – Robert Kiyosaki. 1
    When you receive your SALARY, DO THIS and GET RICH in 3 MONTHS – Robert Kiyosaki.
    • March 23, 2026
  • How to Cut Your Cell Phone Bill by ,100 a Year 2
    How to Cut Your Cell Phone Bill by $1,100 a Year
    • March 23, 2026
  • If I Started Investing in 2025, This Is What I Would Do 3
    If I Started Investing in 2025, This Is What I Would Do
    • March 22, 2026
  • AI Adoption Set to Reshape Healthcare, Finance, Logistics | World Business Watch | WION 4
    AI Adoption Set to Reshape Healthcare, Finance, Logistics | World Business Watch | WION
    • March 21, 2026
  • Master Investing with This Game-Changing Strategy! #shorts #finance 5
    Master Investing with This Game-Changing Strategy! #shorts #finance
    • March 20, 2026
Recent Posts
  • Federal Reserve Board – Federal Reserve Board issues enforcement actions with former employee of Ally Bank and former employee of Regions Bank
    Federal Reserve Board – Federal Reserve Board issues enforcement actions with former employee of Ally Bank and former employee of Regions Bank
    • March 20, 2026
  • Between Truth and Turmoil: Dakota Mortensen Reacts to Taylor Frankie Paul’s Abuse Allegations
    Between Truth and Turmoil: Dakota Mortensen Reacts to Taylor Frankie Paul’s Abuse Allegations
    • March 20, 2026
  • Mohnish Pabrai: FASTEST Way To Financial Freedom! Proven Playbook For Quitting Your 9-5 In 9 Months!
    Mohnish Pabrai: FASTEST Way To Financial Freedom! Proven Playbook For Quitting Your 9-5 In 9 Months!
    • March 19, 2026
Categories
  • Business (2,057)
  • Crypto (2,023)
  • Economy (235)
  • Finance Expert (1,687)
  • Forex (2,016)
  • Invest News (2,450)
  • Investing (2,040)
  • Tech (2,056)
  • Trading (2,024)
  • Uncategorized (2)
  • Videos (1,009)

Subscribe

Subscribe now to our newsletter

Money Visa
  • Privacy Policy
  • DMCA
  • Terms of Use
Money & Invest Advices

Input your search keywords and press Enter.