Am Econ Assn speaks out about firing the #BLS Commish.
"It is standard practice for statistical estimates to be revised as [better] data become available. These revisions reflect the commitment of statistical agencies to accuracy, transparency, and methodological rigor--not failure or bias."
By the end of 2026:Q1, there is a chance that tariffs, immigration, and other federal policies could create sufficient uncertainties and drags to cause a recession in the U.S. What should the NBER do to withstand administration retaliation if its Business Cycle Dating Committee declares a recession?
I had not thought of the risk to the NBER. Rallying private funders may be one defense….
invent a new term that means the same thing but sounds better
call it an economic disengagement
