August 7, 2026
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14:50Now PlayingWhite House Director of the National Economic Council Kevin Hassett says that slower labor force growth was lowered the number of jobs needed to keep unemployment steady, with the breakeven hiring rate hovering around 40,000. Speaking to Dani Burger and Mike McKee on Bloomberg Open Interest, Hassett says that President Trump regularly speaks with Fed Chair Kevin Warsh and that it is natural for the two to discuss economic and labor market data.
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