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US Labor Secretary says Fed needs to cut rates following weak jobs report

DeFi Daily News by DeFi Daily News
September 5, 2025
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US Labor Secretary says Fed needs to cut rates following weak jobs report
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After the US Bureau of Labor Statistics (BLS) reported that the labor market grew by 22,000 non-farm payroll jobs in August, US Labor Secretary Lori Chavez-DeRemer spoke with Yahoo Finance senior reporter Jennifer Schonberger about the need for the Federal Reserve and Chair Jerome Powell to “do his job” and cut interest rates
Catch Jennifer Schonberger’s full interview with Labor Secretary Lori Chavez-DeRemer.
To watch more expert insights and analysis on the latest market action, check out more Opening Bid here: https://finance.yahoo.com/videos/series/opening-bid/
#youtube #stocks #yahoofinance

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

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Tags: BondsbusinessCurrenciescutEquitiesfedFederal ReserveFXInvestingInvestmentjobsLaborMarketMarketsMoneyNewsNYSEPersonal FinancePoliticsratesreportSavingsSecretaryStock marketstocksWeakYahoo FinanceYahoo FInance Premium
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