Fed Views Jobs Data as Reason to Cut Rates Amid Trump Criticism, 300,000 Public Service Cuts, Hiring Slows Due to Trade Policies

Federal Reserve officials view recent U.S. jobs data, which President Donald Trump criticized, as a justification for cutting interest rates. Despite the president's negative assessment, the Fed sees the employment figures as supporting a more accommodative monetary policy. Meanwhile, the U.S. government plans to reduce its public service workforce by approximately 300,000 employees through attrition this year, according to the head of human resources. This move comes amid a broader slowdown in U.S. hiring, attributed to uncertainty and disruptions caused by Trump's aggressive and unpredictable trade policies, which have unsettled businesses and clouded the economic outlook.