"We Need Answers Now": Senator Shreds Biden Admin For 'Lying' After Fabricating One Million Jobs

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by Tyler Durden
Wednesday, Dec 21, 2022 - 03:05 AM

Last week we reported that the Philly Fed had revised a Biden administration BLS 'estimate' of 1.1 million jobs down to just 10,500 - data the Fed was undoubtedly looking at when it unleashed a record burst of four consecutive 75bps rate hikes in June.

A few days after our report, Senator Rick Scott (R-FL) wrote a scathing letter to BLS Commissioner William Beach, asking just what in the hell is going on.