how Trump is affecting the US economy: 72 hours of chaos: Trump just shook the $30 trillion US economy – inflation spikes, jobs stall, and investors panic
According to the Washington Post, the trade, labor and economic policies of the Trump administration led to fear of slowing down in the world’s largest economy.
Cornell University Senior Labor Market Advisor Erica Groshen, “Government policy [has] It has been the biggest change over the last few months ..
The US business growth stands sharply in July and its expectations are missing
The overturning point arrived on Friday, which reported that the government has added only 73,000 jobs far below expectations in July. Worse, the earnings of the previous months have been directed down by 258,000, and in the last quarter, the total recruitment decreased by the Washington Post, as a significant decrease in the same period in 2024, 106,000 weakly.
Read also: Tesla Board approved the $ 30 billion stock award for Elon Musk in the middle of the uncertainty of leadership.
Donald Trump, President of the Bureau of Statistics after the disappointing job report
Within the hours after the report, Trump expelled Erika Mcentarfer, President of the Bureau of Statistics.According to the report, blame employment data without proof of manipulating to politically harm. According to the report, the markets fell, economists gathered red flags, and trust in official US data received hit.
Experts warn you on dangerous precedent following the abolition of the BLS chief.
Heidi Shierholz, a former working department chief, is a “direct autocratic game book ,,“ if the policy makers and the public cannot rely on the data – or if the data is manipulated – confidence collapsed and a reasonable economic decision making becomes impossible in August. Is it yours on the list?
As growth slows down, US inflation proves to be stubborn
Economic warning signs were already flashing. Inflation, which helps Trump’s return to the White House, unexpectedly stubborn, consumer expenditures slowed down and in the first half of 2025, as reported by the Washington Post, it grew only 1.2% from 2.4% at the end of 2024.
S&P 500 is exposed to weekly decrease as market confidence decreases
As the investor confidence was shaken, the S&P 500 fell 2.5% last week and took a three -month rally according to the report. Economists say it’s not just data; According to the report, the uncertainty directly from the White House.
Policy uncertainty under Trump raises economic red flags
“We see dramatic changes in multiple politics in politics of multiple dimensions. Trump has inherited an economy that is in a very good condition. He tries to move into a different balance. And everyone else is quoted in the Washington Post Report.
The firing of Erika Mcentarfer, a commonly respected labor economist who has been leading to BLS since the beginning of 2024, may cause additional economic damages that the US President’s variable temperament, investors, business managers and policemen are reported by Washington Post, and that investors, business managers and policemen require the decision -making.
Even William Beach, a former Trump appointment and the economist of the former Gospel Foundation, described the movement as “completely unquestionable”, as quoted in the report.
According to the report, sudden dismissal, Trump’s fear that he is trying to do an unseen control over financial markets and independent institutions that support public confidence.
Trump’s attack on Jerome Powell continues
In the meantime, according to US President Washington Post report, US President Federal Reserve President Jerome Powell’a continued public attacks.
“Jerome ‘too late’ Powell, a stubborn moron, said Powell, a stubborn moron, said that the reporters were given to journalists as“ a very good man, as quoted in the report.
According to the report, the President of the United States implied that Powell, a non -close move in the history of the United States, could imply over and over again.
Possible to reduce rates in September
According to the Washington Post, ironicly reported that Trump’s criticized report could increase the likelihood of cutting in September. According to the Washington Post, markets are currently pricing at 80% deduction.
Meanwhile, the Fed Governor Adriana Kugler, who was appointed by former US President Joe Biden, announced that he resigned on Friday and gave Trump a more loyal nomenclature than the report.
FAQ
Why did Trump fired the President of the Office of Working Statistics?
Without evidence, he claimed that he manipulated his job data to make it look politically bad.
What was the July job report data?
Only 73,000 jobs have been added, much less than expected. In addition, previous numbers were revised sharply.
