The OPR recommendation that McCabe be thrown off the payroll follows an internal report from the DOJ inspector general that concluded McCabe was not fully forthcoming in answers about whether he talked to a reporter concerning the FBI's investigation of the Clinton Foundation. The IG report has not been made public, but may be released soon. McCabe, who has been with the FBI since 1996, is a civil service employee who can't be fired without evidence of wrongdoing.
Latest forecast: 5.4 percent -- February 1, 2018 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 5.4 percent on February 1, up from 4.2 percent on January 29. The forecast of real consumer spending growth increased from 3.1 percent to 4.0 percent after this morning's Manufacturing ISM Report On Business from the Institute for Supply Management, while the forecast of real private fixed-investment growth increased from 5.2 percent to 9.2 percent after the ISM report and this morning's construction spending release from the U.S. Census Bureau. The model's estimate of the dynamic factor for January -- normalized to have mean 0 and standard deviation 1 and used to forecast the yet-to-be released monthly GDP source data -- increased from 0.42 to 1.37 after the ISM report.
Yesterday, deputy FBI director Andrew (you can call him Andy if you're hanging out in his office handicapping presidential races) McCabe testified for about seven-and-a-half hours before the House Intelligence Committee But when pressed to identify what in the salacious document the bureau had actually corroborated, the sources said, McCabe cited only the fact that Trump campaign adviser Carter Page had traveled to Moscow. Beyond that, investigators said, McCabe could not even say that the bureau had verified the dossier's allegations about the specific meetings Page supposedly held in Moscow. If this is correct, then contrary to the popular anti-Trump meme that "the dossier has been validated," apparently nothing in the dossier has been verified by anyone other than Carter Page's documented trips to Russia.