White House advisor Hassett expects 'disappointing' jobs report to 'revise up'

White House advisor Hassett expects 'disappointing' jobs report to 'revise up'

White House expects Fed to weigh larger rate cut after disappointing jobs data

Trump for months has been pushing the U.S. central bank to lower its benchmark rates

White House Expects Fed to Weigh Larger Rate Cut After Disappointing Jobs Data

WASHINGTON — The White House expects the Federal Reserve to at least consider a possible larger rate cut when it meets later this month after last month’s job data showed a “disappointing” labor market, U.S. President Donald Trump’s economic advisor said on Friday. “The main market expectation is 25 basis points. But I would guess that there would be an expectation, a discussion of a higher cut, but I wouldn’t expect it to happen,” White House N…