One interest rate cut makes sense as insurance against the dangers that the jobs market is weakening too much. Going much further risks a mistake that America’s central bank cannot afford https://t.co/Oug0TZDAeP ...

But what we can say is this that over the course of this year we've kept our poly policy at a restrictive level and and people have different views but a clearly restrictive level I would say so and we were able to do that uh over the course of this year because the labor market was in very solid condition with strong job creation and all those things. I think if you start go back to April and now look at the revised job creation numbers for for May, June, July and August you can kind of I can no longer say ...

UK jobs market appears to be past the worst and a flurry of deals from Trump's visit -- get briefed ahead of your morning calls with The London Rush https://t.co/60PTR8nmBh ...

joining us now. IBM uh Vice Chair Gary Cons also served in the first Trump administration as the director of the National Economic Council. I always like uh having you on.Uh you were in the administration. Um like so many people, a lot of things that that the president does, you're like, "Wow, that's great." But every once in a while, I'm sure in the first administration is like, "That's not my favorite thing." Uh heard a lot of Republicans with with tariffs. Not my favorite thing.Although many of them conc ...

All right, time for another big interview here on Power Lunch. Pleased to be joined by Alon's chief economic adviser, Muhammad El Arent. Muhammad, good to see you again.Listen, you have been >> Well, thank you. You have been fairly critical of the Fed. You've also been critical but fair.And as the job market has been slowing for over a year, some, like the, you know, the guy in the White House are wondering why the Federal Reserve has not already begun to act on interest rates. Outside of those rather, some ...

Labor Market & Political Impact - The jobs market was weaker than previously thought [1] - President Trump was upset by the weak jobs market data [1] - President Trump fired the head of the U S agency that collects the data [1] Economic Outlook - The economy's future hinges on subsequent developments [1]

Economic Indicators & Labor Market - US economy added 73,000 jobs in July, far lower than expected, with June and May numbers revised down by a combined 258,000 [2] - The White House defended the dismissal of the Bureau of Labor Statistics Commissioner despite accusations of data manipulation without evidence [3][4][5] - The jobs data revision is considered a historically important outlier, the biggest since 1968 [5][6][7] - Declining response rates to BLS surveys contribute to data inaccuracies [8][9] Trade & Tariffs - New tariffs on almost every US trading partner are set to come into effect [1][12] - Tariffs could lead to a slowdown in spending and hiring, potentially impacting the economy [14] - The probability of a Federal Reserve interest rate cut increased from approximately 40% to 75% following the release of weak jobs data [16] - Potential interest rate cuts by the Fed are expected to be gradual, possibly a quarter point in September and another in December [17] Political & Policy Impacts - The President plans to appoint a new head of the Bureau of Labor Statistics within 3-4 days [19][20][22] - Texas Democrats fled the state to block a Republican redistricting plan that aims to add five new GOP seats [31] - The Texas Governor is threatening to expel or extradite the lawmakers [32][38] Environmental & Disaster Impacts - Severe weather, including wildfires and flooding, is causing chaos across the US [43][44][45][46][47][48][49][50] - Wildfires in central California have burned approximately 40,000 acres [46] - The Dragon Bravo fire in Arizona has become the largest in the US, burning over 116,000 acres and is only 11% contained [47] - Air quality alerts are in effect in multiple states due to smoke from Canadian wildfires [45][52][53] - Heavy rainfall and flooding are impacting parts of the Southeast, with 10 million people affected [54]