The Great American Lie: “Data-Driven” Decisions Built on a Foundation of Sand Jerome Powell stood in front of America this week and told us the labor market was “solid.” That’s the word he used—solid. And based on that word, the Federal Reserve decided to hold interest rates steady at 4.5%. No rate cuts. No relief. Because, supposedly, everything is just fine. But 48 hours later, the Bureau of Labor Statistics (BLS) dropped a bombshell: those “solid” job numbers? Completely fake. Revised downward by over 75%. May and June’s job growth wasn’t robust—it was a collapse. From 144,000 to 19,000 in May. From 147,000 to just 14,000 in June. That’s not a revision. That’s a cover-up. Yet this is the same…

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