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PBS News Hour

Chicago Fed president expects rate cuts amid 'overcooling'

Season 2024 Episode 251 | 6m 35s

The latest jobs report paints a mixed picture of the overall economy. The U.S. added 142,000 new jobs last month and the unemployment rate dipped slightly to 4.2 percent. The report was better than July, but with revisions, it shows a job market that is notably cooler than this past winter. Geoff Bennett discussed more with Austan Goolsbee, president of the Federal Reserve Bank of Chicago.

Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and Cunard Cruise Line. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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