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Jobs data strengthens case for rate cuts

Reuters on MSN · 6h

Jobs data triggered Trump, but Fed officials saw it not as rigged, but as reason to cut

The data that caused President Donald Trump to fire the head of the Bureau of Labor Statistics because he did not like the July employment report, calling it "rigged," is being taken as serious evidence by Federal Reserve officials of a slowing economy and as a justification for the interest rate cuts Trump wants.

The Dallas Morning News · 1d

Fed should make three rate cuts based on weak jobs data, key leader says

A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her

American Banker · 1d

Fed's Bowman says jobs data solidifies case for rate cuts

Federal Reserve Vice Chair for Supervision Michelle Bowman said she foresees three interest rate cuts for this year, a view bolstered by the latest employment data.

Trump's BLS pick urges pause on key jobs report

POLITICO on MSN · 2h

Trump BLS pick hints at halting monthly jobs report

E.J. Antoni said that BLS should halt issuing the reports — which are widely relied upon by economists, the Federal Reserve, Wall Street and other businesses to gauge the state of the economy in close to real time — until its methods can be improved to limit subsequent revisions.

The Washington Post on MSN · 1h

Trump’s pick for BLS commissioner endorses suspending monthly jobs reports

The BLS should suspend issuing the monthly job reports,” said E.J. Antoni, Trump’s pick to lead the federal statistical agency on Fox Business.

Fortune on MSN · 2h

Trump’s BLS appointee suggests suspending jobs report entirely until methods of data collection are ‘corrected’

"It’s a serious problem that needs to be fixed immediately," E.J. Antoni told Fox Business, adding that he may switch to a quarterly report.

4hon MSN

Fed’s Barkin Says Balance Between Jobs, Inflation Risks Unclear

Federal Reserve Bank of Richmond President Tom Barkin said uncertainty over the direction of the US economy is decreasing, ...

3h

CPI: New inflation reading creates dilemma for Fed over cutting rates in September

A fresh reading on inflation showed tariffs are pushing goods prices higher for Americans, creating a dilemma for the Federal ...

5don MSN

Fed official says last week's jobs revisions could signal an economic turning point

Federal Reserve Governor Lisa Cook said the significant downward revisions to the monthly jobs numbers could point to an ...

4don MSN

Fed's Musalem: There are risks now to both the inflation and jobs goals

The Federal Reserve now faces risks to both its inflation and jobs goals, with policymakers needing to balance which seems ...

6h

Ex-Fed's Bullard Says He's Talked With Bessent About Fed Chair Job

(Reuters) -Former St. Louis Federal Reserve Bank President James Bullard on Tuesday said he spoke with U.S. Treasury ...

2hon MSN

Jerome Powell’s job just got a whole lot easier as inflation data sidesteps disaster

July inflation data suggests the FOMC's dual mandate may not be in as much of a pickle as economists previously feared.

1hon MSN

Trump threatens Powell with 'major' lawsuit over Fed renovations

U.S. President Donald Trump offered a veiled threat on Tuesday of a "major" lawsuit aimed at Federal Reserve Chair Jerome ...

6don MSN

Fed's Cook says tepid July jobs data merits concern

Federal Reserve Governor Lisa Cook said on Wednesday that July hiring data released last Friday was “concerning” in the ...

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