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Monday, August 4, 2025

Trump firing BLS head ‘like driving a car with no odometer’

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After a weak jobs report on Friday, Trump responded by firing the head of the Bureau of Labor Statistics. But as Nobel Prize-winning economist Joseph Stiglitz tells Ali Velshi, ignoring bad numbers doesn’t make the problem go away. Instead, it’s more “like driving a car with no odometer,” Stiglitz says. He shares an anecdote from his time on the Council of Economic Advisers, advising President Bill Clinton. Stiglitz explains that Clinton once attempted to influence his analysis, to which

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