Michael Faulkender on Low Jobs Data: Some of That Comes from the ‘Unnecessary Gov’t Shutdown’

RUSH EXCERPT:
FAULKENDER: "It is.  if you have pressure on the job  market and certain standards  are such that hiring is  declining and layoffs are  beginning that suggests a week  job market.  some of that comes from the  unnecessary government shutdown  you just referenced.  couple that with the fact we  haven’t seen the pass-through  consumer prices from the  tariffs and it suggests low  inflationary pressures coupled  with pressure on the job market  and a rate cut is imminent.  if I could add to what ej  talked about with café  standards, they want to push  people into electric vehicles  they did not want so partially  it is about curbing  inflationary pressures,  eliminating the standards the  Biden Administration put in  place but also bringing choice  back to the marketplace and  letting Americans purchased the  car they want."