Senator Elizabeth Warren

Which way are the arrows pointing?

But the part that's worrisome is the job market is looking weaker.

So instead of a rate cut because the Fed says, woohoo, everything's going in the right direction, smooth sailing, this is a rate cut that's more along the lines of very worried about jobs.

So we're trying to loosen up and get more money into the economy in the hopes that more businesses will survive, expand, and hire more people.

I'm going to be really nerdy here.

Steve, place to be.

I know that we look just at the top line number.

But it's important to pull the numbers apart.

Unemployment for African-Americans has ticked way up, and that's always a canary in the coal mine.

Unemployment goes up first for Black workers.

That's happened in America for a long time.

Second thing that's got me worried

is young people coming out of college or other degree programs right now are having a much harder time getting a foot in the door.

I don't know how much that connects with AI.

where the workers who are the newest and least experienced are the ones, some people speculate, the ones most likely you could replace with AI.

But the point is, those are two groups that are now in a more vulnerable jobs position.

So, look, I don't want anybody to lose their job.

I don't feel better if someone else does.

But it makes me very uneasy, again, directionally on where we're going on jobs.

I think the Fed is right to be concerned and to be digging through those data as fast as they can.