Erica Groshen

Joining the discussion is Erica Groshen, former Commissioner of Labor Statistics under Obama and ex-Vice President of the Federal Reserve Bank of New York. The conversation dives into the deployment of National Guard troops in D.C. and the political intricacies of safety and governance. Groshen shares insights on inflation trends and how tariffs impact the economy. They also discuss the importance of data integrity in a politically charged environment as well as the Democratic strategies for the upcoming midterms and how they respond to concerns about crime.

In this engaging discussion, Erica Groshen, former commissioner of the Bureau of Labor Statistics under President Obama, sheds light on the growing distrust in U.S. economic data. She and John Burn-Murdoch dive into the fallout from political interference, such as the dismissal of a BLS head and its impact on data integrity. They explore how funding cuts and reduced survey response rates undermine data collection, highlight the risks to economic decision-making, and underscore the critical need for reliable economic indicators amidst a cooling labor market.

Erica Groshen, former Bureau of Labor Statistics Commissioner and current Senior Economic Advisor at Cornell University, dives deep into the significance of the BLS amid recent turmoil, including the firing of the current commissioner. She discusses the crucial balance between data timeliness and accuracy, especially in light of controversial job data revisions. The dialogue highlights the agency's challenges, the importance of public support for statistical integrity, and concerns about political influences that could undermine trust in economic data.