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Fed Chair Warns Trump Admin May Be Seriously Exaggerating Jobs Numbers – Jerome Powell says the economy probably isn’t as good as the U.S. government claims.

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32 Comments

  1. Deicide1031 on

    I’m surprised he said it but it just shows he’s one of the last few people with an actual backbone. When he first got tapped by Trump I didn’t think much of him because he didn’t fit the typical background of a fed chair but I’m glad I was wrong.

    For anyone who doesn’t know, states also publish labor data so if you compare state data to the feds you can usually tell when something’s off. (This means if Powell knows then Wall Street and foreigners know but they are choosing to stay tight lipped)

  3. HoneyOnLock on

    Man, ain’t that some Bs? Said it b4 and I’ll say it again, they’re jukin’ the stats! Economy’s in the can and all they do is fluff numbers. 🙄 Truth’s gonna bite hard when it hits folks… even harder if we keep ignoring it. Wake up, ppl!

  7. no_no_no_no_nononono on

    Powell is known for understating everything and being extremely subtle when giving status. Every word he says affects the stock market.

    This is extremely worrisome that he chose these words, “We think there’s an overstatement in these numbers,” 

  9. Beelzezczuk on

    Are you trying to tell me that the US government lies to its citizens? That cannot be possible. I don’t think any government on earth has ever lied to its citizens.

  10. AlwaysBitter182 on

    Anybody that goes to grocery stores, needs to buy a car, purchase regular day to day items could tell you the economy sucks

  12. DistractedPhoenix on

    The last jobs report they released suggests it’s the most jobs lost since Covid. If it’s worse than that….

  14. zwizzlestick on

    Yeah no shit the economy isn’t as good as the government claims. They’re manipulating/hiding the jobs numbers so their investments don’t tank with stock market

  15. thegoodnamesrgone123 on

    > I’m here for one reason and one reason alone. I’m here to guess what the music might do a week, a month, a year from now. That’s it. Nothing more. And standing here tonight, I’m afraid that I don’t hear a thing. Just…silence.

    One of these days in the near future, the market is gonna suddenly be in free fall because none of these numbers are real.

  21. Methodical_Science on

    We are in stagflation. The house of cards (Massive Debt obligations, Waning American exorbitant privilege, AI bubble, Stagflation) is going to fall sometime soon. Could be weeks, months or even a few years. But a crash is coming. Jerome Powell has been excellent in trying to buy us time, trying to right the ship. But he can only do so much before systemic problems become too big for the Fed alone to control.

  22. Otherwise-Sun2486 on

    He means we are in
    a recession but the stock market is being stupid so we can’t call it one

  23. solexioso on

    Powell was handed a fucking nightmare and he gets shit on constantly yet still maintains integrity. Guy deserves credit for that.

  24. BleachedUnicornBHole on

    “Jerome Powell just called the economy good! Even Sour Jerome Powell sees I’m making America Great again! Thank you for your attention on this matter.” -Trump’s next 4 AM Truth Social rant

  26. AWetAndFloppyNoodle on

    You’re telling me that firing the two statisticians giving bad numbers and then by the third it magically looks good is not an accident?

  27. Ok-Wealth-7322 on

    Also if the economy is so great, why would they want to slash interest rates?

    Oh, right, because they’re lying and they’re stupid.

  30. Larynx15 on

    Welp, hope you’re ready to be charged with mortgage fraud or tax evasion or mail fraud, Jerome.

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