Fed's Cook says tepid July jobs data merits concern
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Federal Reserve Governor Lisa D. Cook speaks at the Economic Club of New York in New York City, U.S., June 25, 2024. REUTERS/Shannon Stapleton/File Photo
(Reuters) -Federal Reserve Governor Lisa Cook said on Wednesday that July hiring data released last Friday was “concerning” in the moderation of the pace of hiring.
Cook, who was speaking at an event held by the Federal Reserve Bank of Boston, said big revisions like those seen in the July jobs report “are somewhat typical of turning points” in the economy.
(Reporting by Michael S. Derby; Editing by Chris Reese)
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