Source: Orange County Register
by Steven Greenhut
“Trump didn’t like the latest jobs report, which showed meager jobs growth as the nation heads toward a tariff-imposed recession. ‘I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY,’ posted Trump on social media. … The New York Times quoted Federal Reserve Chairman Jerome Powell: ‘Good data helps not just the Fed, it helps the government, but it also helps the private sector.’ Trump has indicated he’d like to replace Powell — presumably with someone who will juice interest rates to help his political goals. Any intelligent person, though, can see why good policy flows from an accurate understanding of reality. These are banana republic moves, backed by MAGA and the Banana Republican Party.” (08/10/25)