Trump Fires Top Economic Data Official Amid Market Turmoil Brought About by Tariff Fallout

Date and Location of Event: August 2, 2025 in Washington D.C Attracting both economists and lawmakers alike, former President Donald Trump is reported to have fired the head of the U.S. Bureau of Economic Analysis (BEA), following its release of disappointing economic figures tied to tariff renewals. Financial markets immediately responded negatively, raising serious questions over partisan politicization of economic institutions. This official, who has yet to be named due to formal confirmation processes, was responsible for overseeing the collection and publication of key economic indicators such as GDP growth, inflation rates and consumer spending metrics. Sources close to the...

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