The White House supports the Federal Reserve to continue raising interest rates It is expected that non agricultural sectors will cool down this week

      On the second day after Democratic Senator Elizabeth Warren warned that the actions of the Federal Reserve might plunge the US economy into recession, the White House gave the Federal Reserve the confidence to continue to raise interest rates to curb inflation.

White House Press SecretaryKarine Jean-PierreMonday told reporters:

We don't want to interfere with what the Federal Reserve is going to do. Our goal is to not sacrifice the past18Despite the historic and life changing economic gains this country has achieved in the past month, it continues to reduce inflation

　　Jean-PierreQuoting data from last week, it was stated that housing prices are declining and personal income is increasing in the United States, which are all positive economic indicators. However, it was added that the government "still has more work to do, and we know that some families and Americans still feel pain".

Federal Reserve Chairman Powell hinted in his speech last Friday at the Jackson Hole Central Bank's annual meeting in Wyoming that the Federal Reserve will continue a series of aggressive interest rate hikes until inflation is brought under control, although this may cause pain for consumers and businesses. These comments led to another decline in the US stock market on Monday, exacerbating the sharp decline that began last Friday. 

Warren is accepting on SundayCNNDuring the "State of the Union" interview, the Federal Reserve's strategy was criticized, believing that raising interest rates could lead to unemployment. Warren said:

Do you know what's worse than high prices and a strong economy? It's high prices and millions of people losing their jobs. I'm very worried that the Federal Reserve will plunge the economy into recession  

The White House predicts on Monday that the8The monthly non farm employment data will "cool down". According to the expected median survey by foreign media, the number of new non agricultural employees is expected to increase from7Of52.8Ten thousand people fell back to30Ten thousand people, the unemployment rate will stabilize at3.5%This indicates that the labor market remains strong. However, Wall Street's non farm forecasts for the past two months are vastly different from the actual data released, among which7The monthly expected value is less than half of the actual value.