Jake Johnson is a senior editor and staff writer for Common Dreams.
U.S. Sen. Elizabeth Warren on Friday demanded that the chairman of the Federal Reserve immediately 'cancel his summer vacation' and slash interest rates following the release of government data showing weaker-than-expected job growth and an increase in the unemployment rate last month.
'Nominal wage growth continues to edge down, falling to 3.6% year over year, its lowest in two years. While more recent comparisons are more volatile, the deceleration is clear across all measures. There is no evidence of inflationary pressures coming from the labor market.
Election 2024 Elizabeth Warren Inflation Interest Rates Jerome Powell Republican Party Us Department Of Labor Federal Reserve
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