Rep. Chris Pappas on Trump’s economy and his New Hampshire Senate Run

October 1, 2026

AI Summary

5 min read

The formula behind the numbers

This episode opens with a specific factual claim: the Bureau of Economic Analysis quietly changed how it calculates the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation measure. The revision touched legal services, computer software accessories, and portfolio management costs. On its face, the new methodology produced a downward revision — core PCE dropped from 3.34% to 2.98% for July 2026, and markets initially responded with relief, sending treasury yields lower. But once traders understood what had happened, yields surged again, with the 10-year and 30-year heading toward levels that would push 30-year fixed mortgage rates toward 8%.

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What you'll learn

1 Rep. Chris Pappas on Trump’s economy and his New Hampshire Senate Run
2 (04:00) **Trump Regime Alters PCE Formula** - Host reveals the government quietly changed how it calculates core PCE inflation, making economic data appear better than reality
3 (05:43) **Record Low Consumer Sentiment vs. Regime Claims** - Despite administration boasting about oil production, multiple indicators show economic distress
4 (06:44) **Congressman Pappas Joins: Real Costs Americans Bear** - Pappas directly connects policy failures to household expenses
5 (08:03) **The War's Economic Toll and Sununu's Support** - Pappas ties the catastrophic war to rising costs and his opponent's alignment with Trump
6 (09:29) **"Epic Fury" vs. Actual Governance** - Host and Pappas critique the performative, incompetent style of the administration
7 (11:59) **The New Hampshire Senate Race Dynamics** - Pappas describes the battleground map and outside money flooding in

+ Full timestamped outline available in the app

Show Notes

MeidasTouch host Ben Meiselas exposes Trump’s market manipulation and examines claims that the PCE inflation formula was changed to make inflation look lower, as prices and Treasury yields continue to surge. Meiselas also interviews Democratic Congressman Chris Pappas of New Hampshire about his campaign for the U.S. Senate.

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