Can America's Economic Data Be Trusted?

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.4 • 1.7K Ratings

🗓️ 13 August 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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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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1:00.3	I'm Steve Ducey. I'm Sandra Smith. I'm Jimmy Fela. And this is the Fox News Rundown.
1:08.8	Wednesday, August 13th, 2025.
1:13.3	I'm Dave Anthony.
1:15.3	Inflation was tame last month, with no change in the annual rate of consumer price increase
1:21.2	despite concerns about tariffs.
1:24.2	But it's been pretty minimal so far, and so that's good news. It hasn't really hurt the
1:30.7	economy to the extent that I might have thought it would. I'm Chris Foster. President Trump's
1:36.3	considering reclassifying marijuana as a less dangerous drug. What does that really mean?
1:41.6	But even if you accept that there's medical value in smoking marijuana,
1:46.4	there's still the high potential for abuse.
1:49.3	And that's what a Schedule I drug is, both a high potential for abuse and no medical value.
1:55.3	And I'm Ted Jenkins.
1:56.7	I've got the final word on the Fox News rundown.
2:03.5	It's been a worry ever since President Trump imposed tariffs on a lot of imports from around the world.
2:10.6	Tariffs are highly likely to generate at least a temporary rise in inflation.
2:16.0	The inflationary effects could also be more persistent.
2:19.2	That's Federal Reserve Chairman Jerome Powell recently. The president again, yesterday called him
	...

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