{"id":119571,"date":"2025-09-06T23:00:16","date_gmt":"2025-09-06T23:00:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/119571\/"},"modified":"2025-09-06T23:00:16","modified_gmt":"2025-09-06T23:00:16","slug":"donald-trump-piles-pressure-on-fed-after-us-jobs-blow","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/119571\/","title":{"rendered":"Donald Trump piles pressure on Fed after US jobs blow"},"content":{"rendered":"<p class=\"author-section byline-plain\">By <a href=\"https:\/\/www.thisismoney.co.uk\/profile-3733\/john-paul-ford-rojas.html\" class=\"author\" rel=\"nofollow noopener\" target=\"_blank\">JOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR<\/a> <a rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/follow?screen_name=JPFordRojas&amp;tw_p=followbutton\" class=\"twitter-follow-author\"><\/a> <\/p>\n<p class=\"byline-section\"> Updated:  06:36 EDT, 6 September 2025   <\/p>\n<p class=\"mol-para-with-font\">The White House last night called for a major review of the US Federal Reserve \u2013 piling more pressure on central bank chief Jerome Powell to cut <a style=\"font-weight: bold;\" target=\"_self\" href=\"https:\/\/www.thisismoney.co.uk\/money\/mortgageshome\/article-11885727\/When-rates-start-fall-Base-rate-forecasts.html\" id=\"mol-ac0c6d10-8a8e-11f0-9f13-5f3d564940be\" rel=\"nofollow noopener\">interest rates<\/a> after dismal jobs figures.<\/p>\n<p class=\"mol-para-with-font\">Treasury Secretary Scott Bessent said there must be an &#8216;honest, independent, nonpartisan review of the entire institution&#8217; including its power to set interest rates.<\/p>\n<p class=\"mol-para-with-font\">Official figures showed the world&#8217;s biggest economy added just 22,000 jobs last month, falling well short of analyst forecasts.<\/p>\n<p class=\"mol-para-with-font\">That cemented hopes that the Fed will cut interest rates at its next meeting later this month, prompting an initial rally in Wall Street stocks.<\/p>\n<p>   <img decoding=\"async\" id=\"i-132daf1fe2afd4ee\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/09\/101882085-15070581-image-m-96_1757100753582.jpg\" height=\"518\" width=\"634\" alt=\"Unhappy: Donald Trump tried to sack Lisa Cook, a member of the Fed's board of governors, a nd he has previously publicly toyed with the idea of sacking Jerome Powell\" class=\"blkBorder img-share\" style=\"max-width:100%\" loading=\"lazy\" \/>   <\/p>\n<p class=\"imageCaption\">Unhappy: Donald Trump tried to sack Lisa Cook, a member of the Fed&#8217;s board of governors, a nd he has previously publicly toyed with the idea of sacking Jerome Powell<\/p>\n<p class=\"mol-para-with-font\">However, stocks later went into reverse on fears that the jobs figures may herald a recession.<\/p>\n<p class=\"mol-para-with-font\">Bessent&#8217;s comments are the latest in a relentless series of attacks by Donald Trump&#8217;s administration on the Fed.<\/p>\n<p class=\"mol-para-with-font\">Last week, Trump tried to sack Lisa Cook, a member of the Fed&#8217;s board of governors. And he has previously publicly toyed with the idea of sacking Powell.\u00a0<\/p>\n<p class=\"mol-para-with-font\">Earlier this week. 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These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.<\/p>\n<p><a href=\"https:\/\/www.thisismoney.co.uk\/money\/diyinvesting\/article-1718291\/Pick-best-cheapest-investment-Isa-platform.html?ico=tim-affiliate_desktop_bottom-link-click\" target=\"_blank\" class=\"optional-btn-wrapper\" rel=\"nofollow noopener\">Compare the best investing account for you <\/a><\/p>\n<p>                    Share or comment on this article:<br \/>\n                        Donald Trump piles pressure on Fed after US jobs blow<\/p>\n<p>        <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"By JOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR Updated: 06:36 EDT, 6 September 2025 The White House last night&hellip;\n","protected":false},"author":2,"featured_media":119572,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,2222,3881,3880,56,54,55],"class_list":["post-119571","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-money","tag-moneymarkets","tag-thisismoney","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/119571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=119571"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/119571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/119572"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=119571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=119571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=119571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}