What's keeping the economy going in significant part is not anything that's coming out of the President's policies. It is all of the investments in data centers, which is coming from the tremendous progress that some companies are making in technology. But we are taking needless risks both on the unemployment side and on the inflation side, which makes it harder for us to respond to any incipient recession threat when inflation is above target and when Americans say the cost of living is the biggest issue that's facing them. @ThisWeekABC with George Stephanopoulos.

I think the Friday jobs report told us that the economy is closer to stall speed than we thought. The big deal is the downward revision for the two months before that. That means there is a real possibility that we're in a stall speed kind of economy, which means we could tip over into recession. That wouldn't be my prediction right now, but the risk is greater certainly than it was before. @ThisWeekABC with George Stephanopoulos.

There is no conceivable way that the head of the BLS could have manipulated this number. The numbers are in line with what we're seeing from all kinds of private sector sources. This is the stuff of democracies giving way to authoritarianism. @ThisWeekABC with George Stephanopoulos

Firing the head of a key government agency because you don’t like the numbers they report, which come from surveys using long established procedures, is what happens in authoritarian countries not democratic ones. This is surely not the most serious threat to our democracy that @realDonaldTrump poses, but it is the one closest to what we economists do. I don’t see how serious members of the economics profession can stay in his administration.

I think what the @federalreserve did was the prudent thing under the circumstances. It wouldn't surprise me greatly if it turned out that the economy had slowed and we wish we had cut rates now. But, if that error has been made, it's an easily correctable error. Whereas if you made the opposite error and sacrificed credibility by moving excessively, that would be a much more damaging and difficult error to reverse.

I told @DavidWestin today: We are a bit playing with fire. We have a central bank that missed the last inflation badly. We have increased politicization of everything financial. We have tariffs that are pushing up prices. We have epic budget deficits. We've had a period when the dollar has declined substantially. So a moment like that seems to be a moment to err on the side of preserving credibility rather than take chances that could put credibility at risk. And that's why I disagree with the judgments of Governors Waller and Bowman.

I think right now people expect the @federalreserve will do their job and find the best balance between the risks of inflation and unemployment. Watch my interview last night with @JohnBerman @CNN. via @YouTube

It's a fool's game for politicians to bash the ⁦@federalreserve⁩. Watch my interview tonight with ⁦@JohnBerman⁩ ⁦@CNN⁩

Tonight I told @JohnBerman @CNN: It's playing a very, very dangerous game to raised doubts about the independence of the @federalreserve. I think right now people expect that Chairman Powell is going to do his duty as he sees it. It's not only him, it's a 12 member committee that votes on monetary policy.

I talked to @LHSummers about President Trump's "big, beautiful bill," which he described as "the biggest cutback in the American social safety net ... we've ever had."