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Drudge Retort: The Other Side of the News
Sunday, August 03, 2025

America is showing new signs of stagflation -- inflation running hotter, the job market suffering new weakness, and economists warning both are at risk of getting worse in the months ahead.

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The numbers: A key measure of inflation posted the biggest increase in four months in June as the delayed effects of higher U.S. tariffs began to filter through the economy, raising questions about whether the Federal Reserve will cut interest rates soon.[image or embed]

" MarketWatch (@marketwatch.com) Jul 31, 2025 at 9:59 AM

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So far, only a hint of stagflation.

The data from future months are needed to confirm a trend.

Of course, now with Pres Trump apparently wanting to manipulate the data, future data may not be as accurate as past data.

#1 | Posted by LampLighter at 2025-08-03 03:26 PM | Reply

"Stagflation will soon go to zero."

#2 | Posted by snoofy at 2025-08-03 03:48 PM | Reply

Even if we're in a new Great Depression, we're not likely to hear about it from this government. And I believe inflation is already being hugely underreported.

#3 | Posted by Whatsleft at 2025-08-03 04:24 PM | Reply

To be fair, it's highly likely that Trump thought 'Stagflation' was the name of a really hot stag partly with cheerleaders of indeterminate age.

#4 | Posted by Corky at 2025-08-03 04:38 PM | Reply

It's transitory... So there's that...

#5 | Posted by lfthndthrds at 2025-08-03 05:48 PM | Reply

Life is transitory... there's that.

Moron.

#6 | Posted by Effeteposer at 2025-08-03 05:49 PM | Reply

Lewzer wants the interest rate to go down 3%... that should fix everything.

#7 | Posted by REDIAL at 2025-08-03 06:14 PM | Reply

@#7 ... Lewzer wants the interest rate to go down 3%...

What might the effect upon inflation be from that drastic of a change?


Also, Pres Trump has said he wants the Fed's interest rate to drop by 3% merely to reduce the effects of the Trump Deficit. Even though national debt is not part of the dual mandate that Congress has instructed the Fed to take into account when setting rates.

#8 | Posted by LampLighter at 2025-08-03 06:27 PM | Reply

Nothing to worry about. The numbers next month will show a half million new jobs and inflation of 0%

#9 | Posted by johnny_hotsauce at 2025-08-03 07:06 PM | Reply

It's transitory... So there's that...

#5 | POSTED BY LFTHNDTHRDS

You stupid f^*%s get duped again, and now that Trump's stupidity is causing predictable issues, all you have is flippant references to the previous consequences of his stupidity from the first time you were duped.

So just STFU already you f%*+ing idiot.

#10 | Posted by jpw at 2025-08-03 07:44 PM | Reply

What? Who is reporting this fake news?

This does not please the Madman who would be King.

Off with their heads!

#11 | Posted by donnerboy at 2025-08-03 08:17 PM | Reply | Newsworthy 1

Who is Erika McEntarfer, the Bureau of Labor Statistics commissioner fired by Trump?
apnews.com

... The head of the agency that compiles the closely watched monthly jobs report usually toils in obscurity, but on Friday, the current holder of that job was loudly fired by the president of the United States.

Erika McEntarfer, a longtime government employee, bore the brunt of President Donald Trump's unhappiness with Friday's jobs report, which showed that hiring had slowed in July and was much less in May and June that previously estimated. He accused her without evidence of manipulating the job numbers and noted she was an appointee of President Joe Biden.

McEntarfer, a longtime government worker who had served as BLS head for a year and a half, did not immediately respond to a request for comment by The Associated Press. But her predecessor overseeing the jobs agency, former co-workers and associates have denounced the firing, warning about its repercussions and saying McEntarfer was nonpolitical in her role.

Here's what to know about Erika McEntarfer:

McEntarfer has a strong background on economics

McEntarfer, whose research focuses on job loss, retirement, worker mobility, and wage rigidity, had previously worked at the Census Bureau's Center for Economic Studies, the Treasury Department's Office of Tax Policy and the White House Council of Economic Advisers in a nonpolitical role.

She has a bachelor's degree in Social Science from Bard College and a doctoral degree in economics from Virginia Polytechnic Institute and State University.
She was confirmed as BLS head on a bipartisan vote

McEntarfer was nominated in 2023 to serve as BLS head, and the Senate Committee on Health, Education, Labor and Pensions recommended that her nomination go to the full Senate for a vote.

She was confirmed as BLS commissioner in January 2024 on a bipartisan 86-8 Senate vote. Among the Republican senators who voted to confirm her included then-Sen. JD Vance of Ohio, who is now Trump's vice president, and then-Sen. Marco Rubio of Florida, who is now Trump's secretary of state. ...

[emphasis mine]


#12 | Posted by LampLighter at 2025-08-03 08:28 PM | Reply

What might the effect upon inflation be from that drastic of a change?

Using Lewzer math? Inflation will also go down 3%.

#13 | Posted by REDIAL at 2025-08-03 10:50 PM | Reply

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