Dalio said that Trump needs to make “his thinking clear” two hours after Trump posted “Last week’s jobs report was RIGGED”
Matt Peterson
@mattpeterson.bsky.social
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Covering policymaking, economics, and financial markets for Barron’s. matt.peterson@dowjones.com mattpeterson.me
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Literally the plot of For All Mankind
EXCLUSIVE: Sean Duffy will announce expedited plans to build a nuclear reactor on the moon, his first major action as interim NASA administrator.
Duffy to announce nuclear reactor on the moon
This is the first major agency effort by the interim NASA administrator, who is also the Transportation secretary and a former Fox News host.
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Shelton was scheduled to attend the Senate Republican steering committee lunch last week. She has allies.
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It is a bold argument to make, and I wish you luck!
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Will be interested in seeing your take, but I'm not sure it matters how reasonable his criticisms of the BLS's analytical practices are when the president is out there insisting that the "Job’s Report was RIGGED." Hassett is doing his best to find neutral ground, but that's not where his boss is.
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CNBC: Do you believe the jobs numbers were rigged?
Kevin Hassett: "As an economist, I like to go for what I can prove, and what I can prove is that the data have become very unreliable."
Trump, one hour later: Last weeks Job’s Report was RIGGED"
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The "trust America" trade is shaking the dollar, @mdbaccardax.bsky.social writes. www.barrons.com/articles/bls...
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Elaine Chao, former Bush Labor Secretary and Trump cabinet member: "There were months in which I didn’t like the numbers, the White House didn’t like the numbers, but we basically never thought of it that as, as somehow that it was not prepared correctly." Says the process is secure.
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Kevin Hassett, on CNBC, "The frustration that the president has [with the Fed] is that he believes that other countries have cut rates and the US hasn't. And he worries, just as with the BLS, he worries that maybe there's some partisan calculus going on here."
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Gift link: www.barrons.com/articles/tru...
Trump Will Remake the Fed. Lower Rates Are Just the Start.
President Donald Trump wants the Federal Reserve to cut interest rates by a lot, quickly. He will get that, and probably much more, under the next Fed chair.
