Yellen emphasized that economic policy will not change based on one data point, as revised 2024 job figures suggest a potential decline of 800,000, supporting Trump’s criticism of the Fed’s slow action.
US Treasury Secretary Janet Yellen stated that economic policy decisions will not be influenced by a single data point, despite employment data revisions indicating that 2024 job figures could fall by 800,000. This revision has supported former President Trump’s criticism of the Federal Reserve for responding too slowly to economic issues.