COINOTAG News, Sept. 7 — US Treasury Secretary Janet Yellen said recent employment data supports former President Trump’s criticism that the Federal Reserve was slow to act, per reporting by FXStreet.
Yellen noted that updated official projections for 2024 payrolls may be revised substantially lower, with a potential reduction in the vicinity of 800,000 jobs, reflecting softer-than-anticipated labor-market momentum.
Such a downward adjustment would inform labor-market assessments and is likely to factor into deliberations on interest-rate policy, shaping policymakers’ evaluations of inflation and growth without implying a specific Fed decision.