Jobs slowdown seals Fed rate cut as White House criticizes Powell for not acting sooner
The weak job report, published on Friday, closed the interest rate at the next policy meeting of the Federal Reserve later this month, because the Trump administration has once again accelerated its criticism of Jerome Powell, the President of the Central Bank, once again.
“Jerome Powell has to do his job and reduce these interest rates now,” he said in an interview with Yahoo Finance, Lori Chavez-Deremer. He said.
“What awaits?”
President Trump A separate truth has been added to the social post This “Jerome” is too late ‘Powell should reduce rates long ago. “
The report on Friday was the last major reading in the labor market before the FED was held on 16 and 17 September.
Prior to Friday’s job report, Powell, Jackson Hole, opened the door to lowering rates at the end of August in a speech at WYO and said that the risk balance has changed and that “the policy may require adjusting our posture”.
A new worker report on Friday supported this view. The economy added 22,000 jobs in August, weaker than 75,000 economists and unemployment rate rose from 4.2% to 4.3%.
JUNE GROWING -13,000 work was revised to the negative region for work, while July has shown a growth under the trend compared to last year, slowing down the growth of three months.
A few fed observers said the numbers were locked in one segment this month. Investors accepted the possibility of a deduction at 99%at this month’s meeting.
“One -cut question is not a question. There will be a question.” He said.
The question is how a “Dovish cut or a hawk a cut” and how Powell speaks about the next few months.
Read more: Jobs, Inflation and Fed are all
O Chief Economist Greg Daco said that this month was dependent on a small segment view, but the real question is “what’s doing next to 2025 and then the rest of the remaining two meetings.
The White House has been shooting Powell and Fed for months to alleviate monetary policy.
“Even though I am not an economist, I can tell you that the American people will continue to suffer,” Chavez-Deremer said on Friday.
“Companies invest in trillions of dollars in economy, labor and work … And we need this help because American business does not take place to invest in the labor force.”
Talking about Powell, “Why is waiting, my mind is shitty. He knows the data, knows how important it is, and if it’s a political movement, it’s nonsense.
