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White House Anticipates Fed Rate Cuts Amid Job Market Woes

9/7/2025

Summary

Story summary

The White House expects larger Federal Reserve rate cuts due to disappointing job reports, with Trump predicting a year for improvement.
National Economic Council Director Kevin Hassett suggested a potential 25-basis-point cut to support the weakening job market.
Commerce Secretary Howard Lutnick is optimistic about job data accuracy improving after McEntarfer's dismissal.
Lutnick criticized India's ongoing purchase of Russian oil, stressing the importance of U.S. tariffs.
Despite job growth concerns, Hassett noted strong capital spending and solid GDP as positive signs.

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Story summary

The White House expects larger Federal Reserve rate cuts due to disappointing job reports, with Trump predicting a year for improvement.
National Economic Council Director Kevin Hassett suggested a potential 25-basis-point cut to support the weakening job market.
Commerce Secretary Howard Lutnick is optimistic about job data accuracy improving after McEntarfer's dismissal.
Lutnick criticized India's ongoing purchase of Russian oil, stressing the importance of U.S. tariffs.
Despite job growth concerns, Hassett noted strong capital spending and solid GDP as positive signs.