Fed is hoping August hiring report will show slowdown

Fed is hoping August hiring report will show slowdown

—Raging inflation has so scrambled the economy that it’ s come to this: If Friday’ s jobs report for August were to show a significant hiring slowdown, the Federal Reserve— and even the White House— would likely welcome it. The August jobs report will be issued at 8:30 a.m. Eastern time. Chair Jerome Powell and other Fed officials have increasingly stressed their…