financetom
Economy
financetom
/
Economy
/
Fed's Cook says tepid July jobs data merits concern 
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fed's Cook says tepid July jobs data merits concern 
Aug 6, 2025 12:06 PM

(Reuters) -Federal Reserve Governor Lisa Cook said on Wednesday that July hiring data released last Friday was "concerning" in the moderation of the pace of hiring.

Cook, who was speaking at an event held by the Federal Reserve Bank of Boston, said big revisions like those seen in the July jobs report "are somewhat typical of turning points" in the economy.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fed's Powell asks for inspector general review of project criticized by Trump officials
Fed's Powell asks for inspector general review of project criticized by Trump officials
Jul 14, 2025
WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington, as Trump administration officials intensify their criticism of how the Fed is being run. The request to Fed Inspector General Michael Horowitz, first reported by Axios, was made over the weekend,...
Busiest US port says June imports rebound after China tariffs reduced
Busiest US port says June imports rebound after China tariffs reduced
Jul 14, 2025
LOS ANGELES (Reuters) -Imports to the busiest U.S. seaport in Los Angeles rebounded strongly in June, finishing up 10% versus a year ago and contributing to record total volume for the month, the port's executive director said on Monday. The Port of Los Angeles handled 470,450 20-foot equivalent units (TEUs) of incoming cargo last month after the U.S. reached a...
Fed's Powell asks for inspector general review of project criticized by Trump officials
Fed's Powell asks for inspector general review of project criticized by Trump officials
Jul 14, 2025
WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington, as Trump administration officials intensify their criticism of how the Fed is being run. The request to Fed Inspector General Michael Horowitz, first reported by Axios, was made over the weekend,...
Trump tariffs would lift US factory jobs, cut overall income, San Francisco Fed says 
Trump tariffs would lift US factory jobs, cut overall income, San Francisco Fed says 
Jul 14, 2025
(Reuters) -The Trump administration's tariffs are likely to boost U.S. manufacturing jobs and real income in a majority of states, but lower employment and income adjusted for inflation in the country as a whole, new research from the San Francisco Federal Reserve showed on Monday.  Assuming a 25% increase in U.S. tariffs on imports from Canada and Mexico, 30% levies...
Copyright 2023-2025 - www.financetom.com All Rights Reserved