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Economic insight from The Wall Street Journal. Want more? Sign up for our daily Real Time Economics newsletter: https://t.co/HX7UM0pmuK
Washington, D.C.
Joined September 2008
President Trump is imitating the Chinese Communist Party by extending political control ever deeper into the economy, Greg Ip writes
wsj.com
President Trump is imitating the Chinese Communist Party by extending political control ever deeper into the economy.
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News the jobs market was much weaker than previously thought upset President Trump. So he fired the head of the U.S. agency that collects the data. The economy hinges on what comes next.
wsj.com
Trump’s firing of the Bureau of Labor Statistics’ leader compounds a yearslong struggle to modernize methods and maintain resources.
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Argentina’s experience with manipulation of economic data has reverberated in the U.S. since Trump fired the Bureau of Labor Statistics commissioner, accusing the agency of rigging jobs figures
wsj.com
Echoes of the Argentine experience have reverberated in the U.S. since Trump fired the Bureau of Labor Statistics commissioner, accusing the agency of rigging jobs figures.
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Adriana Kugler hasn’t said why she is leaving her post as Federal Reserve governor. Her departure comes at a precarious time for the central bank.
wsj.com
Biden appointee Adriana Kugler hasn’t said why she left. Her departure comes at a precarious time for the central bank.
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Dramatic downward revisions to recent job-growth figures underscore why the Federal Reserve should be cutting interest rates, Fed governor Michelle Bowman said on Saturday
wsj.com
Last week’s gloomy jobs report emphasizes the case for a cut, the Fed governor says.
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What began as an experiment during the pandemic to lure people back to small towns and cities in the American heartland is, about five years later, becoming a widespread strategy
wsj.com
A pandemic-era experiment has gone mainstream: Towns are sweetening cash offers with concert tickets, gift cards and golf memberships.
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For decades, the U.S. and other rich countries have granted special trading privileges to many poor countries. That hasn’t been Donald Trump’s approach.
wsj.com
In a new era of gloves-off trade negotiations, poorer countries had the least leverage with a country the size of the U.S.
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Beijing Struggles to Shake Off Deflationary Pressures Despite Policy Pivot
wsj.com
China’s downward pressures remained elevated in July, despite Beijing’s recent pivot to curb excess capacity that has fueled cutthroat competition among businesses.
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President Trump’s team is reviewing new contenders to be the next chairman of the Federal Reserve, with a longtime economic consultant and a past Fed president added to the list
wsj.com
The president’s advisers are reviewing new contenders, including former St. Louis Fed President James Bullard and Marc Sumerlin, a former George W. Bush adviser.
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Canada Jobless Rate Steadies in July Even as Employment Pulls Back
wsj.com
Canada’s labor market fell back to earth with a sharp drop in employment in July, putting a spotlight on the challenges the country’s job seekers continue to face.
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‘Inflation’ Review: The Price of Cheap Money
wsj.com
The one factor that we know causes inflation is the very thing many experts would prefer to ignore.
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Week Ahead for FX, Bonds: U.S. Inflation, China Activity Data in Focus
wsj.com
U.S. inflation data for July will be closely watched, particularly after recent weak jobs data increased prospects for U.S. interest-rate cuts, while retail sales will also give a clue about how...
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Trump’s Fed nominee would add a voice inside the central bank that is explicitly critical of the conventional wisdom around how tariffs might affect inflation and economic growth
wsj.com
Stephen Miran has also questioned the Fed’s institutional legitimacy, highlighting how policy debates have evolved into broader disagreements.
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Irish Factory Output Slumped in June as Exports to U.S. Fell
wsj.com
Exports to the U.S. halved, helping to push Ireland’s economy into contraction after a first-quarter boom.
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The BLS Isn’t Alone in Facing Data Challenges; U.K. Has Them Too
wsj.com
For years, the U.K.'s main economic statistics agency has faced growing scrutiny about how it collects employment data.
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German Exports to U.S. Fall for Third Straight Month
wsj.com
The impact of tariffs on Germany’s export-oriented economy continued to bite, with industrial production also taking an unexpectedly strong hit.
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India’s Economy Faces Bumpy Road in Face of Steep Trump Tariff
wsj.com
Indian exports to the U.S. now face a hefty 50% tariff, jolting longstanding efforts by both Washington and New Delhi to deepen ties.
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China’s Exports Accelerated in July Ahead of Tariff Truce Deadline
wsj.com
China’s exports grew at a faster pace in July, surpassing expectations as global businesses await clarity on whether Beijing and Washington will extend their tariff truce ahead of an August deadline.
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USD/INR Could Stay Above Mid-87 Level Amid High Risk of Extra U.S. Tariff
wsj.com
The dollar edged higher and LPL Financial says it will likely strengthen moving forward.
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U.S. trading partners are lobbying the White House for exemptions to sweeping new tariffs
wsj.com
The diplomatic efforts show months of trade talks are far from over despite agreements trumpeted by the White House.
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