Can America's Economic Data Be Trusted?

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 13 August 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On Tuesday, the Bureau of Labor Statistics released last month's Consumer Price Index, showing that prices barely rose in July. Economists had been forecasting the CPI rising by 0.2%; however, thanks to an overall drop in energy prices, the report suggests inflation appears to have plateaued. This will only bolster President Trump's calls on the Federal Reserve to cut interest rates. Former Trump advisor and co-founder of Unleash Prosperity, Stephen Moore, joins to break down the positive inflation news and the future of economic data in the U.S. President Trump is reportedly weighing the decision to reschedule marijuana under federal law, possibly reclassifying it as a less dangerous drug. The methods the Trump administration may take to enact this change are varied, with some wondering whether the President will act directly or leave it to his federal agencies to handle. Former Arkansas Governor and Drug Enforcement Administration chief Asa Hutchinson joins to discuss the merits of medical marijuana, risks of drug abuse, and what role the DEA would play in the rescheduling process. Plus, commentary from the president of Exit Stage Left Advisors, Ted Jenkin. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	There are some things you should always check, like the hygiene rating on your local takeaway,
0:06.2	the setting on your razor, and whether the party actually is fancy dress.
0:11.1	The other thing you should check is your Experian credit report, especially if you're looking to borrow money.
0:17.2	It lets you understand what lenders see, so you can increase your chances of getting the best deals.
0:22.8	It's dead easy to check it and completely free.
0:26.6	See it in seconds. Download the Experian app today.
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0:38.9	with easy customizable themes that let you build your brand, marketing tools that get your
0:43.7	products out there. Integrated shipping solutions that actually save you time, from startups to scale
0:48.8	up online, in person and on the go. Shopify is made for entrepreneurs like you.
0:58.6	Sign up for your $1 a month trial at Shopify.com slash setup.
1:01.2	I'm Steve Ducey.
1:02.4	I'm Sandra Smith.
1:05.1	I'm Jimmy Fela, and this is the Fox News Rundown.
1:12.3	Wednesday, August 13th, 2025.
1:14.2	I'm Dave Anthony.
1:23.6	Inflation was tame last month, with no change in the annual rate of consumer price increase despite concerns about tariffs.
1:28.4	But it's been pretty minimal so far. And so that's good news.
1:33.9	It hasn't really hurt the economy to the extent that I might have thought it would.
1:35.2	I'm Chris Foster.
1:39.5	President Trump's considering reclassifying marijuana as a less dangerous drug.
	...

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