"Bessent criticized the weak jobs data released Friday, extending recent administration claims that the numbers aren't correct and haven't been collected properly. (Trump fired the commissioner of the Bureau of Labor Statistics after the August report, and said without evidence that the BLS rigged the data against him.) "President Trump was elected for change, and we are going to push through with the economic policies that are going to set the economy right," Bessent said. "I believe by the fourth quarter we are going to see a substantial acceleration.""
""We believe that good policies are in place that are going to create good, high-paying jobs for the American people," Bessent said in an interview with NBC's "Meet the Press" Sunday."
"By the numbers: The U.S. economy shrank 0.5% in the first quarter before growing 3.3% in the second quarter."
Bessent said the administration believes current policies will create good, high-paying jobs for American workers. Bessent criticized weak jobs data released Friday and echoed claims that the numbers are incorrect and improperly collected. The president fired the Bureau of Labor Statistics commissioner after the August report and claimed, without evidence, that the BLS rigged the data. The U.S. economy contracted 0.5% in the first quarter and grew 3.3% in the second quarter. The Atlanta Fed's GDPNow projects about 3% growth this quarter. Prediction-market recession odds hit an all-time low, and upcoming CPI and PPI reports will signal recent strength.
Read at Axios
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