Washington (AP) – President Donald Trump unexpectedly called the reporters to the Oval Office on Thursday to present the charts.
Stephen Moore, a leading visit to economics at Heritage Foundation, a conservative think tank, and the co-author of the book “Trumponomics” 2018 to talk about the economy.
Moore crashed a number of charts on an easel and tried to augment Trump’s performance as president and reduce the economic success story of former President Joe Biden. Trump stood next to Moore and threw in with permits.
The moment in the Oval Office spoke the hope of the President to reset the story of the US economy. While the stock market was solid, employment growth has sluggishly and the pressure of inflation has increased after Trump has imposed a gigantic number of up-to-date tariffs that are taxes on imports.
Moore said he called Trump because he put together some data that showed that he was right to dismiss Erika Mcentarfer as head of the BLS. He noticed that this was due to the fact that reports from the BLS had overestimated the number of jobs created by Biden’s term in the past two years.
“I think you deliberately did it,” said Trump, who still provides statistical evidence of his theory. Revisions are a standard component of jobs and are usually larger in times of economic disorder.
The economy has rarely corresponded to the moods of a president and often presented pictures that are much more mixed and nuanced than what can easily be sold to voters. In the first seven months of this year, employers added 597,000 jobs, which in the same period of 2024 decreased by around 44% compared to the profits in the same period.
The July Job report in July showed that only 73,000 jobs were added last month, while the total number of total number of the total number of the total of 258,000 was revised down.
While Biden revised revisions in its job numbers, the economy had 2 million jobs in 2023 and 2.6 million in 2024.
The basic challenge in Bidens Economy was the pressure to inflate, since the annual interest rate of the consumer price index reached a four-decades high in June 2022. With this level of inflation, the feeling that food, gasoline, housing and other essentials were unaffordable, a mood that Trump back in the choice of the White House in the White House.
Due to his tariffs, there are signs of inflation heating under Trump. On Thursday, Goldman Sachs estimated that the upcoming inflation report for July will prove that consumer prices have increased by 3% in the past 12 months, which would augment in April compared to a reading of 2.3%.
Trump promised that he could put on a boom. And as an impartial data, a little closer to a mess, he found a lawyer in Moore, whom he nominated in his first term as governor of the Federal Reserve. Moore pulled his name back after making a recoil in the Senate.
Moore said that in the first five months by Trump’s second term “the average middle household income for inflation and for the average family in America is already 1,174 US dollars”. Moore said his numbers are based on unpublished data on the census that can make it complex to check them independently.
“This is an incredible number,” said Trump. “If I had said that, nobody would have believed.”
