The Trump administration's dismissal of economic experts and advisory committees is a dangerous move that could lead to a recession. Can we afford to ignore the warning signs and let politics dictate our economic future?
“Reduced transparency in official statistics is perhaps the most troubling aspect of disbanding FESAC,” wrote Claudia Sahm, a former Federal Reserve economist, at Bloomberg on March 11. “Cutting off agency staff from external advisers creates an environment where political interference could occur much more easily—and go undetected. With political officials such as Lutnick arguing publicly that GDP should exclude government spending, it is especially important to have external, independent experts.”
Yep: