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\n Labor Secretary Lori Chavez-DeRemer denied that tariffs have anything to do with the weak jobs numbers Friday, laying blame on Federal Reserve Chair Jerome Powell for refusing to bend to President Donald Trump\u2019s pressure to lower interest rates.\n <\/p>\n
\n \u201cJerome Powell should be embarrassed by this report, because he has not done his job,\u201d Chavez-DeRemer said on Fox Business.\n <\/p>\n
\n Pressed if she\u2019s even a little disappointed by the numbers, Chavez-DeRemer conceded slightly, but said the Trump administration is in a net positive with jobs numbers.\n <\/p>\n
\n \u201cWell 22,000 jobs underperformed just a bit, but it\u2019s still in the positive, almost a half a million jobs have been created since the President took office,\u201d she said.\n <\/p>\n
\n \u201cIt\u2019s going to take some time, but again, when everybody is working for the American people and the American worker, and somebody chooses not to, and they\u2019re instrumental in those decisions that affect the market, that affect the wage growth, that affect all of those things, do your job,\u201d Chavez-DeRemer added, referring to Powell.\n <\/p>\n
\n Asked if tariffs have anything to do with the slowing job market, Chavez de Remer said, \u201cTariffs are working.\u201d\n <\/p>\n
\n \u201cHow do I know this? Because companies are reinvesting in the American workforce. We\u2019re seeing the consumer confidence up. We\u2019re seeing real wages up year over year, almost 4% real wages are up,\u201d she said.\n <\/p>\n
\n Chavez-DeRemer\u2019s statistics are not correct. Over the past year, through July, real (inflation-adjusted) average hourly earnings were up 1.2%. Through August, average hourly wage growth, not adjusted for inflation, was up 3.7%, a slowing from the 3.9% rate in July.\n <\/p>\n
\n \u201cWe\u2019re doing everything we can for this workforce, and now this is one more thing that the Fed can do, and Jerome Powell hasn\u2019t done his job, and the President, that\u2019s why he\u2019s been so vocal about this: We need those interest rates down,\u201d Chavez-DeRemer said.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Labor Secretary Lori Chavez-DeRemer denied that tariffs have anything to do with the weak jobs numbers Friday, laying…\n","protected":false},"author":2,"featured_media":3871,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-3870","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/3870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=3870"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/3870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/3871"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=3870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=3870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=3870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}