Thank you very much indeed. White House National Economic Council Director Kevin Hasset joins me now. Kevin, welcome back.That was a strong jobs report. How does a strong labor market translate into lower interest rates. >> Right.Well, first of all, I got to say that Ed did a great job summarizing the headlines. I would just add a couple more and then I'll go into the interest rate story. Uh the first is that there's been the story that everybody's been worried about that AI is going to make it so that nobo ...

By Chibuike Oguh NEW YORK (Reuters) -The dollar strengthened against major peers including the euro and yen on Thursday following U.S. economic data, which would likely restrain the future interest rate cuts by the Federal Reserve. The Commerce Department reported that U.S. gross domestic product rose by an upwardly revised rate of 3.8% from April through June, higher than 3.3% initially reported. Economists polled by Reuters did not expect the rate to be revised. The dollar strengthened 0.58% to 149. ...