Trumponomics
What Happens When US Economic Data Can’t Be Trusted?
Mar 26, 2025
David Wilcox, director of US economic research for Bloomberg Economics, and Molly Smith, US economics editor for Bloomberg, delve into the troubling credibility of US economic data. They discuss recent firings of independent regulators and the implications for data integrity. The conversation explores historical legal battles, stressing the enduring impact on economic governance. They highlight potential political interference and the urgent need for transparency, drawing parallels to past administrations that compromised data validity.
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Quick takeaways
- The termination of advisory committees to economic statistical agencies poses serious risks to the quality and reliability of economic data.
- Recent political changes threaten the independence of regulatory bodies, raising concerns about potential biases in U.S. economic reporting.
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