Catherwood LibraryILR School

Federal Reserve officials view the weak July jobs report—recently criticized by President Trump—as credible evidence of a slowing economy and a reason to consider interest rate cuts. While only two Fed governors have openly pushed for immediate reductions, markets now see a high likelihood of cuts in September and December. Policymakers are balancing concerns over easing job growth with stubborn core inflation, and say they will cross-check BLS figures with private and alternative data sources to guide decisions.